Skysong needs to calculate the company's expected cash receipts for the upcoming month to determine whether additional financing is needed. Typically, the company's sales consist of 40% cash sales and 60% credit sales. Of the credit sales, 55% are collected in the same month, and 42% are collected in the following month. The remainder is generally uncollected. Total budgeted sales in June are $178,000 and in July are $163,000. What amount of total cash receipts would Skysong expect to collect in July? Total cash receipts $ The controller is waiting on Tamarisk's budgeted cash disbursements so the cash budget can be wrapped up for next month, but Tamarisk has just received the DM purchases budget from production. That budget shows DM purchases of $101,600 in March and $71,600 in April. Tamarisk generally pays 30% of these purchases in the month of purchase, with the remainder paid the next month. How much should Tamarisk budget for cash disbursements for the month of April? What is the budgeted balance of A/P going into May? Total cash disbursements A/P balance at end of April $ EA Michael found two feasible options for an apartment to rent for the next 2 years. Option A requires monthly rent of $750 to be paid a the beginning of each month. Option B allows for end-of-month rent payments of $750 (same amenities as in option A). Michael uses fairly high annual discount rate of 24% (sadly, he is also a high credit risk). Find the PV of the future rent payments for both options over the 2-year time period and explain which one Michael will prefer, if he bases his decision strictly on cash flow. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places e.g. 5,125.36.) Click here to view the factor table Present value $ Option A Michael would choose eTextbook and Me Option A Option B EA $ Option B , because he would effectively be paying in rent over this two-year period. because he would effectively be paying more less in rent over this two-year period.