on 13 ared ed out of 0 on XYZ company is preparing its cash budget for the first quarter of the year. It has $10,000 in cash at the beginning of the period. Cash collections from customers for the quarter are budgeted at $28,000. Cash payment during the quarter for inventory purchases are budgeted at $25,000. The desired cash balance at the end of the quarter is $8,000. Other operating expenses for the quarter are budgeted at $20,000, which includes $3,000 depreciation. Cash expenses are paid in the month incurred. How much borrowing will the company need during the quarter? Select one: a. $12,000 b. $18,000 c. $4,000 d. $15,000 e. None of the given answers on 14 at ared d out of O ion The monthly electricity bill for Company XYZ comprises of two components: a flat subscription fee of $50 per month and constant rate per kilo watt of $2. Assume that Company XYZ consumed 500 kilo watts during the month of December, how much the total electricity bill for the month of December would be? Select one: a. None of the given answers b. 500 c. 1,050 d. 550 1,000