A3 + has prepared its 3rd quarter budget and provided the following data: The cash balance on June 30 is projected to be $4,000. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to payinterest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus .cash. How much will the company have to borrow at the end of August? $5,000 $10,000 $15,000 $20,000 June sales were $40,000 while projected sales for July and August were $50,000 and $60,000, respectively. Sales are 40% cash and 60% credit. All credit sales are collected in the month following the sale. Catolate expected collections for July. $50,000 $54,000 $36,000 $44,000 Which of the following best describes the term sensitivity analysis? It is an analysis of the emotional sensitivity of a company s employees. It evaluates a company's financial condition by doing financial statement analysis. It is an evaluation of the accuracy of the assumptions. It is a testing technique to determine how results would differ if key assumptions are dnanged. Which of the following is useful to combine the data of different segments using different software for the purpose of creating companywide budgets? Budget creation manual Accounting development manual Budgeting software Financial analysis software Freighters Inc. has the following budgeted figures: Calculate cost of goods sold for the month of February. $33,750 $52,000 $39,000 $40,250 Freighters Inc. has the following budgeted figures: A3 + has prepared its 3rd quarter budget and provided the following data: The cash balance on June 30 is projected to be $4,000. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to payinterest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus .cash. How much will the company have to borrow at the end of August? $5,000 $10,000 $15,000 $20,000 June sales were $40,000 while projected sales for July and August were $50,000 and $60,000, respectively. Sales are 40% cash and 60% credit. All credit sales are collected in the month following the sale. Catolate expected collections for July. $50,000 $54,000 $36,000 $44,000 Which of the following best describes the term sensitivity analysis? It is an analysis of the emotional sensitivity of a company s employees. It evaluates a company's financial condition by doing financial statement analysis. It is an evaluation of the accuracy of the assumptions. It is a testing technique to determine how results would differ if key assumptions are dnanged. Which of the following is useful to combine the data of different segments using different software for the purpose of creating companywide budgets? Budget creation manual Accounting development manual Budgeting software Financial analysis software Freighters Inc. has the following budgeted figures: Calculate cost of goods sold for the month of February. $33,750 $52,000 $39,000 $40,250 Freighters Inc. has the following budgeted figures