A. Billingsley United has compiled the following information:

	Quarter 1			Quarter 2
Projected sales		$	102,700		$	109,900
Capital expenditures		$	3,500		$	7,650
Long-term financing expenses		$	1,600		$	1,600
Wages, taxes, other expenses		$	11,400		$	12,100

Quarter 3 sales are projected at $106,900. Costs of goods sold equal 75 percent of the next quarters sales. The accounts receivable period is 31 days and the accounts payable period is 61 days. At the beginning of Quarter 1, the accounts receivable balance was $35,945 and the accounts payable balance was $46,215. What is the net cash inflow for Quarter 2? (rounded)

B.

Socrates and Co. have reviewed their historical sales and receivables and determined that on average, 52 percent of sales are collected in the month of sale, 44 percent are collected in the month following the month of sale, 3 percent are collected in the second month following the month of sale, and the remaining sales are never collected. Monthly sales for the next 6 months are projected at $6,800, $7,200, $8,400, $7,100, $6,900, and $6,500, respectively. How much will the firm collect in month 5?

C.

Galaxy Sales has a beginning cash balance of $110. During the quarter, the firm had a net cash inflow of $105. What is the cumulative surplus at the end of the quarter if the minimum cash balance is $27?