Ch22 H.W(2): Prepare cash Budget You are Provided with the following chips from customer's budget, cash payments for purchas budget, and welling and adminiative expenses holge for Aquamarine Oulf Co. for the first quarter of the year 2000 Ch22 H.W(3): Prepare production Budget New City mamalichos cast in lats O sales of 750 red les per h The production c model i dle that sells the 140 on City ad $15 per New Cry has 20 rol skill Cab receipts em Customer's holge Selling and administrative exp MarT Carl Salaries Sale Co 6000 6500 6300 1,800 3,000 3300 400 10,500 001 2,500 2300 2300 1,500 Maintenance 1,000 200,000 200 300 Me 200 Ca 500 Cash payments for purchases' balget m00 $10,000 $10,300 41,300 Uulaies Depreciation 10000 Total 12.100 14,00 11,400 42,900 Assuming Aquamarine is plassing to purchase new office equipment for $1,000 during Jn 2000 and ming all cash expenses are paid when incurred exopt insurance expenses which is an expiration of prepaid Requirement: Prepare Cash budget assume the company wishes to maintain a minimum cash balance of $20,000 at the end of each month. To maintain the minimum cash balance, the company can borrow from the bank in $ 1,000 increments at 66 interest and the company should payback borrowed money when there an excess cash balance (Cash balance at dec 31 2019 is expected to be $25,000 itory at beginning of March but was so have sales Selling and beinirative expenses for this product li Find the swers for the following MCQs-Show your calculatio How many redets should Iron City produce in Ma 605 kills 3 Compute the total bed for pc March $12,000 $12,075 $14,000 3 Comp the blpted con of goods sold for Manch $11,000 $11,750 $11.250 $11,00 + Compute the budgeted Marc $1,000 18250 $1500 $1750 Come the bodged opening inime for Marc $30,000 $30,750 $11,000 $11,250