Furniture, Inc makes and sells a single product called a Bik The company wants to prepare the direct material budget for the quarter ending June 30 Balgeted production of Biks for the next six months in as follows: February 14.000 Units March 15,300 Uniti April 11.900 Units May 12.600 Units June 14.500 Units July 16,000 Unte It takes three yards of Material A to make one B The company wants to maintain monthly ending story of Material Aqual to 20% of the following month's production seeds On March 31, 2.000 yards of Material A were on hand The cost of Material A 1 55 per yard Required: 1. Prepare the Direct Materials Budget for April May June, and quarter 2. Based on the dwect material budget that you ved in requirement above and sume that the direct matenals puchate in February was S150,000 and in March was 5160,000 Prepare the cash disbursements budget for April of the company policy for paying purchases is as follows 10% in the month of purchase SONO month after purchase two miths after purchaser Raran Complifiy has the following information during the month of June 2020 Cash Balance, May 31 $22.500 Dividends paid in June 6.000 Cash paid for operating expenses in June 18.400 Equipment depreciation expense in June 2,250 Patent torturation expense in June 1.000 Cash collections on sales in June 56.250 Merchandise purchases paid in June 43,109 Purchase equament for cash in June 8,750 Sales commission (50% paid in June) 15.250 Razan Company wants to keep a minimum cash balance of $3.000 Asume that borrowing occurs at the being of the month and repayment occul the end of the mouth Monthly interest of 1% paid in cash at the md of each month when debt is outstanding Borrome and repayments are carried out in miltiples of $1.000 Required: Prepare a cash budget for Fun Blackboard - 2 x Remaining Time: 1 hour, 53 minutes. 24 seconds. Question Completion Status: 2 . 10 91 12 14 15 Question 10 . points SA Morda considering starting a small catering business He would need to purchase a delivery and various equat cost $125.000 o equip the business and another $60.000 for working capital needs Rent for the building used by the business will be $35,000 per year. In addition to the building central cash outlow for operating costs will amount to $10,000 Murad's marketing studies indicate that the annual cash flow from the bus will amount to $120.000. All of working capital would be released at the end of 6 years Murad wants to operate the catering business for only six years. He estimates that the equipment could be sold at that time for 4% of its original cost Murad sa 16% du count rate Use the following present value tables, to determine the appropriate discount factor Present Value of $1. 1(1+) Periods 89 9% 10% 11% 12% 13% 14% 15% 16% 17% 0.73567080.683 06590636 0.6130592037203520:53 Present Value of an Anouits of St in Arrears 11-1 (1-1) 0.6810650 0.621 0.39305670154303190,49704760456 6 0.6300596 0.56 0.535 0.5070.4800456 0.4320 4100-390 0.583054205130452 0.452 0.125 0.400 0.3760.854 0.333 Periods 84 994 10% 115 129 1396 1495 1996 16% 1796 + 3312 12402170 2.102 3.037297429142.855 279821743 3991901913606 605 3:51132523.274 2199 0 6.6222642542313998388968 3.589 52066436 4423 42854.160 4639 3.92 Required Compute the represential of this restant