9 A company is preparing a cash budget for June. The company has $25,000 cash at the beginning of June and anticipates $75,000 in cash receipts and $125,000 in cash disbursements during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $40,000 cash balance. Multiple Choice $ 60,000 $ 65,000 $ 25,000 O $ 40,000. O $ 0. A company provides the following sales forecast for the next three months: 10 July 4,900 August 5,600 September 5,460 Sales units The company wants to end each month with ending finished goods inventory equal to 30% of the next month's sales. Finished goods inventory on June 30 is 1,470 units. The budgeted production units for July are: Multiple Choice 6.370 units. 3,430 units. O 6,580 units. O 2,940 units. O 5.110 units. If budgeted beginning inventory is $6,789, budgeted ending inventory is $8,234, and budgeted cost of goods sold is $15,769, budgeted purchases should be: 11 Multiple Choice $ 8,980. O $ 17,214 $ 15,769. O $ 14,324. O O $ 7,535. A company reports the following information from its sales budget: 12 Expected Sales: July August September $ 81,000 101,000 111,000 Cash sales are normally 30% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is: Multiple Choice O $ 111,000. O $ 33.300 $ 91,050 O O O $ 181,700. $ 104.000 Use the following information to determine the ending cash balance to be reported on the June 30 cash budget. 13 a. Beginning cash balance on June 1, $95,800. b. Cash receipts from sales, $422,000. c. Budgeted cash disbursements for purchases, $277,000. d. Budgeted cash disbursements for salaries, $96,800. e. Other budgeted cash expenses, $58,800. f. Cash repayment of bank loan, $33,800. g. Budgeted depreciation expense, $35,800. Multiple Choice O $74,400. O O $15,600. $85,200. $51,400. O $110,200. A company's direct materials budget shows the following cost of materials to be purchased for the coming three months: 14 Material purchases January February March $ 12,160 14,270 11,090 Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $6,200. The budgeted cash payments for materials in January are: Multiple Choice O $ 6,200 O $ 9,180 $ 12,280 $ 13,215 $ 13,215 $ 18,360. A company's budgeted production calls for 75,000 pounds in April and 71,000 pounds in May of a key raw material that costs $1.75 per pound. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 22,500 pounds. What are the budgeted materials need in pounds for April? 15 Multiple Choice O 96.300 pounds. 52.500 pounds 76,600 pounds. O O 75,000 pounds. O O 73,800 pounds