7.A company expects to make purchases of $50,000 in he first quarter and $70,000 in the second quarter. The company expects that 60% of a quarter's purchases will be paid in the quarter of purchase, and 40% will be paid in the following quarter. What is the estimated accounts payable balance at the end of the 2nd quarter?. Single choice.

A. $28,000

B. $42,000

C. $48,000

D. $0

8.A company expects to credit sales of $80,000 in he first quarter and $100,000 in the second quarter. The company expects that 30% of a quarter's credit sales will be collected in the quarter of sale, and 70% will be collected in the quarter following the sale. What are the estimated cash collections related to credit sales in the 2nd quarter?. Single choice.

A. $56,000

B. $30,000

C. $86,000

D. $54,000

9.A company expects to credit sales of $80,000 in he first quarter and $100,000 in the second quarter. The company expects that 30% of a quarter's credit sales will be collected in the quarter of sale, and 70% will be collected in the quarter following the sale. What is the estimated balance in accounts receivable at the end of the 2nd quarter?. Single choice.

A. $0

B. $94,000

C. $30,000

D. $70,000

10.A company has a cash balance of $20,000 at the beginning of the 1st quarter. Cash receipts for the first quarter are expected to be $80,000, and cash disbursements $97,000. The company requires a minimum cash balance of $15,000 at the end of each quarter and may borrow any amount needed from a local bank (assume the company does not have any outstanding debt at the beginning of the first quarter). How much is the company expected to borrow in the first quarter?. Single choice.

A. $17,000

B. $2,000

C. $12,000

D. $3,000