A B H B Q12: Big Jim Outerwear purchased the following amounts: 9 January February March $ 30,000 $ 40,000 $ 50,000 They pay for purchases 30% in the month of purchase and 70% in the month following purchase. What is their expected payment in February? A) $33,000 B) $12,000 C) $21,000 D) $30,000 Q13: Big Jim Outerwear had the following sales: January February March $ 190,000 $ 200,000 $ 210,000 If sales are 40% cash and 60% credit with credit collections being 10% in the month of sale, 50% in the month following sale, and 40% in the second month following sale. What is the expected cash collections in March? (2 marks) A) $200,000 B) $84,000 C) $202,200 D) $222,222 Q14: Big Jim Outerwear borrowed $10,000 at the beginning of quarter two and it is now the end of the year. The annual interest rate is 8% and they have not paid any interest or repayments previously. How much interest do they owe? A) $800 B) $600 C) $400 D) $200