QUESTIONS:

1. What is the total cash receipts during the month of May?

a. $81,000.00

b. $92,000.00

c. $65,000.00

d. None of them

e. $83,200.00

2. What is the total payment for the cost of goods manufactured for the month of June?

a. $59,800.00

b. $53,300.00

c. $48,300.00

d. $61,750.00

e. None of them

3. What is the total cash disbursements during the month of July?

a. $320,050.00

b. $59,800.00

c. $280,050.00

d. $260,050.00

e. None of them

4. What is the forecasted cash balance at the end of May?

a. $83,200.00

b. $58,600.00

c. $26,000.00

d. $63,200.00

e. None of them

f. $50,000.00

5. In order to maintain the minimum cash balance of $50,000, how much (in cumulative amount) would have to be borrowed at the end of August?

a. $0.00

b. $205,000.00

c. $437,750.00

d. $235,400.00

e. $508,950.00

f. None of them

ABC Corporation Comparative Balance Sheets at December 31 (in millions) ABC Corporation Comparative Balance Sheets at December 31 (in millions)