$9.$ The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December

according to the following information:

$$ Sales at $$580,000,$ all for cash.

$$ Merchandise inventory on November $30$ was $$265,000.$

$$ The cash balance at December $1$ was $$31,000.$

$$ Selling and administrative expenses are budgeted at $$99,000$ for December and are paid

in cash.

$$ Budgeted depreciation for December is $$51,000.$

$$ The planned merchandise inventory on December $31$ is $$295,000.$

$$ The cost of goods sold is $70\%$ of the sales price.

$$ All purchases are paid for in cash.

$$ There is no interest expense or income tax expense.

The budgeted cash receipts for December are:

A$.$ $$580,000$

B$.$ $$135,000$

C$.$ $$445,000$

D$.$ $$631,000$

$10.$ Sparks Corporation has a cash balance of $$15,900$ on April $1.$ The company must

maintain a minimum cash balance of $$13,000.$ During April, expected cash receipts are

$$62,000.$ Cash disbursements during the month are expected to total $$73,000.$ Ignoring

interest payments, during April the company will need to borrow:

A$.$ $$13,000$

B$.$ $$8,100$

C$.$ $$4,900$

D$.$ $$11,000$