Question 7 Not yet answered Marked out of 12 Flag question 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 $9,000. 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: O a. $13,000 O b. None of the given answers Oc. $5,000 O d. $19.000 O e. $16,000 Question 8 Not yet answered Marked out of 1.2 Fag question XYZ Company is preparing its production budget for the next year. Budgeted sales in dollars for January, February, March and April are $210.000, $270.000, $150,000, and $186,000, respectively. Target ending finished goods inventory in units is 20% of the next month's sales in units. Budgeted selling price is $24 per unit. How many total units need to be produced in February? Select one O a. 10.250 O b. None of the given answers Oc6,550 Od. 16.400 e. 20.500