Question 2 What is the total projected sales for the first quarter of operations? O 59,000 61,000 68,000 O 70.000 Question 3 How much cash does Bobcat Printing expect to collect in the first quarter of operations? 59.000 61.000 67.000 70.000 > Question 4 1 pts To what can we attribute the difference between projected total sales and projected cash received in the first quarter of operations? O An allowance for doubtful accounts is used because with credit sales, some customers may not make payment. O Bobcat Printing pays it liabilities 30 days after purchase. O The Conservatism Concept requires us to understate total assets and understate expenses. Bobcat Printing collects part of its sales one month after the original sale. Question 5 1 pts What are budgeted cash payments for inventory purchases in the first quarter of operations? O 12,000 O 16,000 0 21,150 O 28,000 1 pts Question 6 What is the total budgeted Cost of Goods Sold for the first quarter of operations? O 12.000 21,200 gg 0 28 000 Question 7 1 pts To what can we attribute the difference between budgeted cost of goods sold and projected cash payments for inventory in the first quarter of operations? Bobcat Printing sells its inventory in the month of purchase, and pays for its inventory one month following purchase. Customers do not pay for the goods it purchases until 30 days after the date of purchase, Due to the Matching Concept, cash sales require payments for inventory in the month they occur. O There is no difference between the cost of goods sold and cash payments. Question 8 1 pts What is another name for cost of goods sold? Period cost Capitalize cost 0 Overhead cost O Productos What is the total budgeted SG&A expense for the quarter? 0 29,600 o 21,380 O 19,400 O 9,350 Question 10 Are there A/R cash collections during the first month? Cash collections from A/R do not begin until the second month of the quarter. Cash collections from A/R do not begin until the third month of the quarter. None of the above is true. There should be partial A/R cash collections for the first month. 1 pts Question 11 What is the projected beginning cash balance for Month 1? $0 O 300 O $2,000 $2,500 1 pts Question 12 What is the projected ending cash balance for Month 1? $2.500 $2 000 SO None of the above. D Question 13 1 pts Bobcat Printing will need to borrow money in Month 1 True False - Question 14 1 pts If you answered "True" that Bobcat Printing had to borrow money in the first month, how much money will it need to borrow to ensure it does not have a cash shortage and it meets its cash minimum requirements? $1.800 $1.600 CHIN ($910 by Bobcat Printing docs not borrow in the first month. Question 15 1 pts If Bobcat Printing borrowed money in Month 1, what is the projected interest expense will incur for borrowing the money? $18 $13 O $9 O Bobcat Printing will not have interest because it does not need to borrow money in Month Question 16 0.5 pts Bobcat Printing will have a cash surplus in Month 2. Trud False QuestiUIT 17 1 pts If Bobcat Printing has a projected cash surplus in Month 2, how much cash will it repay for borrowing on its line of credit? Bobcat Printing will not have a cash surplus; therefore it will need to borrow more money in Month 2 $910 $1,300 O $1,800 Question 18 0.5 pts Bobcat Printing will have cash shortage in Month 3. Truc False Question 19 0.5 pts Bobcat Printing will need to borrow money in Month 3. True False 1 pts D Question 20 How much will Bobcat Printing borrow in Month 3? O $2.000 Bobcat Printing will not have a projected cash shortage in Month 3, thus it will not borrow money $1.300 $609 Question 21 1 pts What is the projected gross profit for the first quarter of operations? $42,000 $40,000 $15,457 O $70,000 Question 22 1 pts What is the projected interest expense for the first quarter of operations? $18 $13 $9 $0 Question 23 1 pts What is the projected net income the first quarter of operations? 0 $36,850 $7,952 12,391 $15,457 Question 24 1 pts What is the projected beginning capital investment for the first quarter of operations? $0 O $2.000 $4,000 6 $1,500 Question 25 1 pts What is the projected total owner's equity for the first quarter of operations? $3,391 $7,952 O $12,000 0 $14,507 Question 26 1 pts What is the projected ending cash balance for the first quarter of operations? $2,752 KD 2500 0 $2.000 O $0 Question 27 1 pts What is the projected accounts receivables balance for the first quarter of operations? $9,000 $12,000 O $13,500 O $10.800 D Question 28 1 pts What is the projected account payable for the first quarter of operations? SO $9.000 $12.000 $14,350 > Question 29 1 pts What is the projected net cash flow from operating activities for the first quarter of operations? O $7,952 $14,252 O $15,391 $22,800 1 pts Question 30 What is the projected net cash flow for investing activities for the first quarter of operations? ($4.000) ($5.000) $9.000 APATIN 1 pts Question 31 What is the projected cash flow from financing activities for the first quarter of operations? $9.000 O ($9,000) O $7,357 O (8,391)