Kennison, Inc. has prepared its third quarter budget and provided the following data Jul Cash collections $50,000 Aug $39,500 Sep $46,700 Cash payments Purchases of direct materials 30,000 21,800 17,000 Operating expenses 12,500 Capital expendituros 13.500 8.100 24,300 11,400 The cash balance on June 30 is projected to be $5,200. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid int increments of $5,000 whenever there is surplus cash. How much will the company have to bomow at the end of August? OA. $15,000 OB. $20,000 OC. $10,000 OD $5,000 Party Planners, Inc. has the following data for the year ending December 31, 20XX Service Revenue Variable costs. $26,000 5,000 The company incurred $5,000 as fixed costs. The company planned 100 parties during the year. What is the average revenue per party? OA. $210 OB. $50 OC. $260 D. $23 Thomas had a cost per unit of finished goods of $25 (for beginning inventory and for the current year). The company has 2,000 units in beginning Finished Goods Inventory and expects to sell 21.000 units in the first quarter (the company expects no ending inventory). What is the amount of budgeted cost of goods sold for the first quarter? OA $750,000 OB $650,000 OC. $700,000 OD. $600,000 C