Santos Company is preparing a cash budget for February. The company has $17,000 cash at the beginning of February and budgets $75,000 in cash receipts from sales and $114,000 in cash payments during February. Prepare the cash budget for February assuming the company maintains a $5.000 minimum cash balance and will take a loan if necessary to maintain this balance. The company has no loans outstanding on February 1 (Negative cash balances, if any, should be indicated with minus sign.) SANTOS COMPANY Cash Budget February Beginning cash balance Add Cash receipts from sales Total cash available Les Cash payments Preliminary cash balance Loan activity Addition Ending cash balance Loan balance end of month Garda purchased $530,000 of merchandise in August and budgets merchandise purchases of $780,000 in September. Merchandise purchases are paid as follows: 35% in the month of purchase and 65% in the month after the purchase. Prepare a schedule of cash payments for merchandise purchases for September. GARDA Schedule of Cash Payments for Merchandise Purchases September Merchandise purchases $ 780,000 Cash payments for Current period purchases Prior penod purchases Total cash payments for merchandise purchases $ 0 Raider-X Company budgets sales of 18.000 units for April and 20.000 units for May. Beginning inventory on April 1is 3,800 units, and the company wants to have 30% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $2 Prepare a merchandise purchases budget for the month of April. RAIDER-X COMPANY Merchandise Purchases Budget April 0 Budgeted sales units Add Desired ending inventory Next penod budgeted sales units Ratio of inventory to future sales Desired ending inventory units Total required units Less: Beginning inventory units Units to be purchased Cost per un Cost of merchandise purchases $