A company has budgeted direct materials purchases of $260000 in July and $430000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted: The budgeted cash disbursements for August are $513000$581000$379000$553000 During September, the capital expenditure budget indicates a $450000 purchase of equipment. The ending September cash balance from operations is budgeted to be $70000. The company wants to maintain a minimum cash balance of $38000. What is the minimum cash loan that must be planned to be borrowed from the bank during September? $342000$380000$488000$418000 On January 1, Vaughn Manufacturing has a beginning cash balance of $226000. During the year, the company expects cash disbursements of $1010000 and cash receipts of $810000. If Vaughn requires an ending cash balance of $150000, Vaughn Manufacturing must borrow $150000 $176000 5426000 $124000