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26) Eudora, Inc. has a cash balance of $24,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows Cash collections Cash payments Purchases of direct materials Operating expenses Apr $24,000 May $22.000 Jun $24,000 5000 4000 5000 7000 5300 There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of June. 5000 A) $62,700 B) $50,700 9 $37,700 D) $48.000 27) A manufacturing company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Recaivable can be obtained from 27 the A) capital expenditures budget B) selling and administrative expenses budget C) schedule of cash receipts from customers D)Inventory. purchases and cost of goods sold budget 28) Which of the following budgets would not be prepared for a merchandising firm? A) Capital expenditures budget C)Cash budget B) Sales budget D) Direct labor budget 29) Tuscarora, Inc., a merchandising company, has the following budgeted figures April Mar Feb Jan 566.000 $e9,000 E54.100 50% of sales $10,000 20% Sales Cost of goods soid of next month's sales $27,000 Required ending inventory Inventory on hand on Jan 1 Calculate the budgeted purchases for the month of January. B) $3250 D) $23.800 ) $23,850 A) $50,850 30) Seaworthy Company, a merchandising company, has prepared the following sales budget Budgeted Sales $400,000 207,000 241.000 Month March April May Cost of goods sold is budgeted at 40% of sales, and the inventory at the end of Febr $34,000. Desired inventory levels at the end of each month are 10% of the next mor goods sold. What is the desired beginning inventory on June 1? A) $9640 248,000 June C) $96,400 B) $24,800 5