Sheridan Company has the following budgeted sales: July $220000, August $270000, and September $220000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during September are $220000. $237000. $250000. $235000. If the required direct materials purchases are 14000 pounds, the direct materials required for production is three times the direct materials purchases, and the beginning direct materials are three and a half times the direct materials purchases, what are the desired ending direct materials in pounds? 35000 7000 21 000 1 4000 On January 1, Sheffield Corp. has a beginning cash balance of $38000. During the year, the company expects cash disbursements of $400000 and cash receipts of $390000. If Sheffield requires an ending cash balance of $50000, the company must borrow $22000. $48000. $27000. $50000. Sheridan Company expects to purchase $250000 of materials in July and $300000 of materials in August. Three-fourths of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. How much will August's cash disbursements for materials purchases be? $300000 $237500 $225000 $137500 During September, the capital expenditure budget indicates a $430000 purchase of equipment. The ending September cash balance from operations is budgeted to be $59000. The company wants to maintain a minimum cash balance of $27000. What is the minimum cash loan that must be planned to be borrowed from the bank during September? $344000 $371000 $457000 $393000|