Al Dente's cash balance on October 1 is $2,500. It has provided the following information for the month of October: Sales are budgeted to be $157,000 in October. September sales were $181,500. 85% of sales are collected in the month of sale; the remainder are credit. Credit sales are collected in the month following sale. Food and supply purchases are expected to be $120,000 in October. Food and supply purchases in September were $150,000. Al Dente's pays 25% in the month of purchase, and 75% in the month following. Other cash disbursements include the following: Salaries of $9,200, Utilities of $4,950, Rent of $3,600, and Insurance of $1,200. Other expenses are paid in the month incurred. . Depreciation for the month is budgeted to be $900. Al Dente's would like to maintain a minimum cash balance of $2,500. Borrowings, if needed, are made in $1,000 increments at 1% interest per month. What are total budgeted cash collections from sales for October? Multiple Choice $157,000 $133,450 $160,675 $181,500 Al Dente's cash balance on October 1 is $2,500. It has provided the following information for the month of October: Sales are budgeted to be $157,000 in October. September sales were $181,500. 85% of sales are collected in the month of sale; the remainder are credit. Credit sales are collected in the month following sale. Food and supply purchases are expected to be $120,000 in October. Food and supply purchases in September were $150,000. Al Dente's pays 25% in the month of purchase, and 75% in the month following. Other cash disbursements include the following: Salaries of $9,200, Utilities of $4,950, Rent of $3,600, and Insurance of $1,200. Other expenses are paid in the month incurred. Depreciation for the month is budgeted to be $900. Al Dente's would like to maintain a minimum cash balance of $2,500. Borrowings, if needed, are made in $1,000 increments at 1% interest per month. What are total budgeted cash disbursements in October for food and supply purchases? Multiple Choice $142,500 $112,500 $30,000 $150,000 Al Dente's cash balance on October 1 is $2,500. It has provided the following information for the month of October: Sales are budgeted to be $157,000 in October. September sales were $181,500. 85% of sales are collected in the month of sale; the remainder are credit. Credit sales are collected in the month following sale. Food and supply purchases are expected to be $120,000 in October. Food and supply purchases in September were $150,000. Al Dente's pays 25% in the month of purchase, and 75% in the month following. Other cash disbursements include the following: Salaries of $9,200, Utilities of $4,950, Rent of $3,600, and Insurance of $1,200. Other expenses are paid in the month incurred. Depreciation for the month is budgeted to be $900. Al Dente's would like to maintain a minimum cash balance of $2,500. Borrowings, if needed, are made in $1,000 increments at 1% interest per month. How much, if any, must Al Dente borrow in order to maintain the minimum cash balance? Multiple Choice $1,725 $1,000 $2,725 $2,500 Al Dente's cash balance on October 1 is $2,500. It has provided the following information for the month of October: Sales are budgeted to be $157,000 in October. September sales were $181,500. 85% of sales are collected in the month of sale; the remainder are credit. Credit sales are collected in the month following sale. Food and supply purchases are expected to be $120,000 in October. Food and supply purchases in September were $150,000. Al Dente's pays 25% in the month of purchase, and 75% in the month following. Other cash disbursements include the following: Salaries of $9,200, Utilities of $4,950, Rent of $3,600, and Insurance of $1,200. Other expenses are paid in the month incurred. Depreciation for the month is budgeted to be $900. Al Dente's would like to maintain a minimum cash balance of $2,500. Borrowings, if needed, are made in $1,000 increments at 1% interest per month. What is Al Dente's ending cash balance after financing? Multiple Choice $2,500 $160,675 $2,725 $1,725 Ty's Electronics sells wireless headphones. Sales for the first four months of the year are as follows: January sales: $180,000 February sales: $170,000 March sales: $155,000 April sales: $165,000 Cost of goods sold is estimated to be 70% of sales. Ending inventory should be 25% of the following month's cost of goods sold. How much inventory is budgeted to be purchased for the month of January? Multiple Choice $126,000 $124,250 $180,000 $155,750