Sparks Corporation has a cash balance of $13,500 on April 1. The company must maintain a minimum cash balance of $11,000. During April, expected cash receipts are $58,000. Cash disbursements during the month are expected to total $67,000. Ignoring interest payments, during April the company will need to borrow: O $4500 O $11,000 0 $6500 0 $9000 Question 2 (0.4 points) ell Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Ending Inventory Inventory Finished goods (units) 27,000 37,000 Raw material (grams) 57,000 47,000 Each unit of finished goods requires 3 grams of raw material. The company plans to sell 340,000 units during the year. The number of units the company would have to manufacture during the year would be: 0 283,000 units 0 340,000 units Q 350,000 units 0 377,000 units Question 3 (0.4 points) :II The basic idea underlying responsibility accounting is that a manager should be held responsible for those itemsand only those itemsthat the manager can actually control to a significant extent. Question 4 (0.4 points) ell Stut Corporation, a retailer, plans to sell 28,000 units of Product X during the month of August. If the company has 6,000 units on hand at the start of the month, and plans to have 9,000 units on hand at the end of the month, how many units of Product X must be purchased from the supplier during the month? 0 31,000 O 25,000 O 37,000 0 28,000 Question 5 (0.4 points) :II Cash collections in a schedule of cash collections typically consist of collections on sales made to customers in prior periods plus collections on sales made in the current budget period