9. Southland Company is preparing a cash budget for August. The company has $18,200 cash at the beginning of August and anticipates $123,200 in cash receipts and $136,900 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow:

Multiple Choice

$0.

$10,000.

$5,500.

$8,200.

$28,200.

16. Alliance Company's budgets production of 28,000 units in January and 32,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $2.00 per pound. Each month's ending raw materials inventory should equal 40% of the following month's budgeted materials. The January 1 inventory for this material is 33,600 pounds. What is the budgeted materials need in pounds for January?

Multiple Choice

88,800 pounds.

84,000 pounds.

50,400 pounds.

122,400 pounds.

72,000 pounds.