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SLO At the end of 2021, Accounts Payable totaled $6,000. During the first quarter of 2021, Hastings Corp, purchases $80,000 of raw materials to be

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SLO At the end of 2021, Accounts Payable totaled $6,000. During the first quarter of 2021, Hastings Corp, purchases $80,000 of raw materials to be used in production Hastings Corp, buys all raw materials on account and pays for 60% of the purchase in the quarter they were purchased and 40% in the next quarter. What are cash disbursements for quarter 1 of 20217 A. $48.000 B. $42,000 OC. $54,000 OD. $38,000 Reset Selection Stem Group LLC has the following information for the first quarter of 2021: Total Cash Collections: $4,000 Total Cash Disbursements: $7,000 Beginning Cash Balance: $2,000 Stem Group likes to start each quarter with at least $3,000 in beginning cash. Does Stem Group LLC need additional financing at the end of Q1? If yes, how much? O A. Yes, $1,000 B. No. C.Yes, $6,000 D. Yes, $4,000 Noah Corp. needs 3 lbs. of materials for every unit that they produce. Noah pays $1,50 per pound. It is estimated that sales will be 5,000 units in June and 6,000 units in July, and required production for June is estimated to be 5,200 units. July's required production is estimated to be 5,900 units. Noah likes to have 10% of next month's raw materials in inventory the period before they are needed. The raw materials balance on May 31 is 600 lbs. What is the total cost of raw materials to be purchased in June? O A $7,500 O B. $25,155 C. $22,500 D. $7,785

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