Multiple Choice Question 110 A company has budgeted direct materials purchases of $310000 in July and $470000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted: V $100000 Wages Expense Purchase of office equipment 67000 Selling and Administrative Expenses 44000 Depreciation Expense 31000 The budgeted cash disbursements for August are $589000 $422000 $633000 $664000 Multiple Choice Question 122 The following credit sales are budgeted by Marigold Corp.: $204000 January February 280000 March 410000 April 300000 The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of April is S $306800. $359320 $292000 $314400 Multiple Choice Question 154 On January 1, Kale Company has a beginning cash balance of $42,000. During the year, the company expects cash disbursements of $340,000 and cash receipts of $290,000. If Kale requires an ending cash balance of $40,000, the company must borrow $48,000 $92,000. $32,000 $40,000