Questions 10-13 are based on the following: Owl Corporation, a merchandising company, has the following information for projected sales. January February March $500,000 $500,800 $700,000 Further information: Cash in bank on March 1 is projected to be $30,000. . Collections from sales are 25% in the month of sale, 75% in the month following sale Projected purchases for January, February, and March are $100,000, $125,000, and $107,000 respectively, 20% of purchases are paid in the month of purchase, 80% are paid in the following month Total administrative and selling expenses per month are $400,000, which includes $45,000 for depreciation expense. Owl prepares a budget for March. D Question 10 On its cash budget for March, what would be the cash receipts? $550.600 $650.200 $500 600 $500,200 2 pts Question 11 On its cash budget for March, what would be the total cash disbursements? 5476,400 5521.400 $520,000 $475,000 2 pts D Question 12 What is the budgeted cash balance at the end of March? $104.200 $459.200 $74,200 $429.200 D Question 13 2 pts On its cash budget for March, what would be the cash outflow for merchandise? $120,000 $120,000 $110,600 $121,400