Question 24 (1 point) Company A prepares its budgets for the month of February. She has a cash balance of $ 10,000 at the end of January. Forecast sales for February are $ 300,000 and are cash. The monthly operating costs would be $ 60,000, including a plant depreciation charge of $ 10,000. Operating expenses are payable in cash. Merchandise purchases are expected to be $ 270,000 and are payable in cash. The company wishes to maintain a minimum cash balance of $ 20,000 at the end of February. The company is expected to borrow during the month of February an amount of: Options for question 24: $ 25,000 $ 10,000 $ 30,000 $ 45,000 Question 25 (1 point) ABC Inc.'s sales budget presents quarterly sales for the following year as follows: Trimester Sales (Units) 1st 10,000 2nd 8,000 3rd 12,000 4th 14,000 Company policy is to have finished product inventory at the end of each quarter equal to 20% of the following quarter's sales. What should the budgeted production be for the second quarter? Options for question 25: 8,400 units 8,800 units 8,000 units 7,200 units Question 26 (1 point) Last year, one company achieved sales of $ 400,000, a capital turnover rate of 2.4, and a return on invested capital of 36%. The company's net operating income for the year was: Options for question 26: $ 80,000 $ 60,000 $ 144,000 $ 120,000 Question 27 (1 point) ABC Company presents the following information: ROI: 25% capital turnover rate: 2.5 Net operating profit rate: 10% Turnover: $ 100,000 average operating assets: $ 40,000 Minimum required rate of return: 18% The residual net income would be: Options for question 27: $ 6,000 $ 8,000 $0 $ 2,800