Question 9 (3 points)

Blake Company has $28,000 cash at the beginning of June and anticipates $73,400 in cash receipts and $47,500 in cash disbursements. The company requires a minimum cash balance of $33,000. Any excess cash over the minimum desired balance is used to pay down debts. Blake has an agreement with its bank to borrow as needed or to repay loans as funds become available. As of May 31, the company owes $28,000 to the bank. The balance of the loan on June 30 will be:

Question 9 options:

	$12,100.
	$48,900.
	$28,000.
	$7,100.
	$35,100.

Question 10 (2 points)

In September, Larson Inc. sold 50,000 units of its only product for $317,000, and incurred a total cost of $295,000, of which $32,000 were fixed costs. The flexible budget for September showed total sales of $370,000. Among variances of the period were: total variable cost flexible-budget variance, $8,000U; total flexible-budget variance, $77,000U; and, sales volume variance, in terms of contribution margin, $46,000U.

The total number of budgeted units reflected in the master budget for September, to the nearest whole number, was:

Question 10 options:

	74,000 units.
	70,000 units.
	31,000 units.
	50,000 units.
	58,000 units.