Karim Corporation requires a minimum $9,500 cash balance. Loans taken to meet this requirement cost 2% Interest per month (pald at the end of each month). Any preliminary cash balance above $9,500 is used to repay loans at month-end. The cash balance on July 1 is $9,900, and the company has no outstanding loans. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or interest payments) follow, July August September Cash receipta $ 25,500 $ 33,500 $ 41,500 Cash payments 30,250 31,500 33,500 Prepare a cash budget for July, August, and September (Negative balances and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar.) KARIM CORPORATION Cash Budget July $ 9,900 August September Beginning cash balance Total cash available Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance Loan balance - Beginning of month Additional loan loan repayment) Loan balance - End of month Render CPA is preparing direct labor budgets for the current year. The partners budget billable hours for the year as follows. Data entry 1,120 hours Auditing 2,350 hours Tax 2,080 hours Consulting 375 hours The company budgets $11 per hour to data-entry clerks, $39 per hour to audit personnel. $57 per hour to tax personnel, and $57 per hour to consulting personnel Prepare a direct labor budget for this service company for the year. RENDER CPA Direct Labor Budget For The Year Ending December 31 Direct Direct Labor Labor Cost Hours Direct Labor Cost per hour Data entry Auditing Tax Consulting Cost of direct labor