Answer the 4 questions and explain for each answer.

33. A big advantage of dollar cost averaging is that your average cost basis is reduced over time. True False 6. Given beginning cash of $100, budgeted cash collections of $5 and budgeted expenses of $40 ($10 in depreciation expense on manufacturing equipment and $30 of advertising expenses) and required minimum cash of $100, the company should borrow __________. Assume the company has to borrow in increments of ten dollars. A. $30 B. $35 C. $40 D. $45 Problem 17 is based on the following information: The date is January 1, 2018 and Party Town (PT) has just won the bidding process to host a party on March 30, 2018. PT is charging their guests an admission fee of $100 per person. PT has rented a banquet hall for $900 that will accommodate up to 100 people. PT has contracted with Cathys Catering to cater the party for $10 per person that attends (up to 100). PT estimates that they will have $5 of depreciation expense from January 1, 2018 through March 31, 2018. Do not round the units (people) to the nearest person. Round to two decimals. Additional Information: At the party, it is estimated that 80% of the guests will pay at the door in cash and 20% will pay between April 1, 2018 and April 30, 2018. The estimated party guests are 80. Cathys Catering will be paid half their fee (Cathy requires the estimate to be the max of 100 people) on March 1, 2018 and the balance will be paid on April 15, 2018. The banquet hall will be paid in full on March 1, 2018. 17. What is the budgeted operating income for PT for the period from January 1, 2018 through March 31, 2018? A) $6,415 B) $6,295 C) $7,110 D) $7,770 Question 23 is based on the following. Mercury Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,200, 13,000, 15,000, and 16,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 20% of the following months unit sales. The ending raw materials inventory equals 10% of the following months raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.50 per pound. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct labor-hours. The variable selling and administrative expense per unit sold is $1.40. The fixed selling and administrative expense per month is $63,000. 23. What is the estimated accounts payable at the end of July? A) $118,000 B) $119,800 C) $118,825 D) $120,275