Question 1 pts Use the following information to answer questions 1 - 3. Your company prepares quarterly cash budgets, and has an average collection period of 60 days. Expected sales for Q1 is 750 and 1,000 for Q2. The beginning balance of accounts receivables is 200. What are cash collections for Q1? 500 750 200 450 Question 2 1 pts What are cash collections for Q2? 333 450 833 500 Question 3 1 p What is the ending accounts receivables balance in Q2? 667 833 1000 500 Question 4 1 pts Use the following information to answer questions 4 - 6. Organic Avocado Inc. prepares quarterly cash budgets. Purchases are 80% of next quarter's sales. Q2 sales are expected to be 600 and Q3 sales are expected to be 800. The beginning accounts payable balance is $400, and the payables period is 30 days. Wages paid for Q1 is 400 and for Q2 is 450. Capital expenditures for Q1 is 100 and for Q2 is 150. In each quarter, the company pays 75 in interest payments. What are total cash disbursements in Q1? . 1,295 320 720 480 Question 5 1 pts What is the beginning accounts payable balance for Q2? 160 320 1,102 480 Question 6 1 pts What are total cash disbursements in Q2? 1.182 1,295 213 1.262 Use the following information to answer questions 7 - 10. Sgt. Pepper, LTD has an initial cash balance of $100, and wants to maintain a minimum balance of $50. Given the cash collections and cash disbursements listed below, what is the net cash inflow for Q1? Q1 Q2 Q3 Q4 Total cash collections 575 580 590 600 Total cash disbursements 600 550 650 750 Net cash inflow Beginning Cash Balance 100 Net cash inflow Ending cash balance Minimum cash balance -50 -50 -50 -50 er 10 Checkout Gro... Beginning Cash Balance 100 Net cash inflow Ending cash balance Minimum cash balance -50 -50 -50 -50 Cumulative surplus (deficit) 75 40 -25 -50 Question 8 1 pts What is the cumulative surplus or deficit for Q1? 25 75 100 -20 D Question 9 1 pts What is the net cash inflow for Q2? 30 75 -25 55 > Question 10 What is the cumulative surplus or deficit for Q2? 105 55 -30 O 75