Question 22 (1 point) CASH BUDGET (spreadsheet analysis - refer to your handout for guidance). The following is a partially completed worksheet for a cash budget. The required minimum cash balance per month is $20,000 and the beginning cash balance is $22,000. Interest rate on any new short-term loan is 0.5% per month. Use the data for the next set of questions. First, calculate total cash collection for the month of JUNE Jon Feb Mar $100,000 $110,000 $80,000 Apr May Jun $130,000 $150,000 $200,000 Projected sales Cash collections: Current month: 70% 1 month after sales: 30% Total cash collection Total purchases cash payment (1 month after sole) 90.000 $160.000 $107.000 $89.000||$101,000 $135,000 $185.000 $77,000 $56,000 $77,000 $105,000 $140,000 $157,500 72.000 lon Feb Mar Apr May Jun Cash collection - brought forward Cash disbursements: Purchases brought forward Total cash expenses Total cash payout 33,000 43,300 33.000 33,000 43,300 33 000 Question 23 (1 point) Calculate total cash payout in JANUARY O 1) $107.000 O 2 $160,000 3) $138,000 4) $185,000 5) $105,000 Question 24 (1 point) Calculate surplus/deficit for month of MARCH. 1) so 2) $9.000 3) $12,500 4) $55.000 Question 25 (1 point) Calculate ending cash balance for month of JUNE 1) so 2) 59.000 31 561.500 41552.500 1000 Question 26 (1 point) Calculate ending cash balance for month of APRIL 1) $0 O2) -$9,000 3) $61,500 O4) $ 4) $52,500 5) $52,000 Question 27 (1 point) Calculate additional financing needed for the month of APRIL. 1) $0 2) -$9.000 3) $61,500 4) $52,500 5) $20,000