Speedy Runner makes running shoes and they have gathered the following data for the month of October: Cash on 10/1 Expected Cash Collections Direct Materials Cash Disbursements Direct Labor Cash Disbursements MOH Cash Disbursements Operating Expenses Cash Disbursements Capital Expenditures Cash Disbursements Data $14,000 $454,000 $80,000 $37,000 $26,000 $115,000 $205,000 Speedy Runner requires an ending cash balance of at least $12,000 and can borrow from a line of credit in $1,000 increments. What is the ending cash balance for October? O A. $0 O B. $12,000 O C. $7,000 O D. $5,000 Speedy Runner makes running shoes and they are anticipating the incurrence of the following operating expenses during the upcoming year: Sales commission Salaries Shipping expenses Bad debt expense Depreciation on sales vehicles Advertising Cost $4 per pair of shoes sold $570,000 $2.00 per pair of shoes sold 1.5% of sales revenue $29,000 $28,500 Speedy Runner plans to sell 123,000 pairs of shoes at $100 per pair. What will Speedy Runner budget for cash disbursements related to operating expenses? O A. $1,365,500 O B. $1,336,500 O C. $570,000 OD. $1,488,500 Einstein Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be $19,000. Budgeted cash receipts are $84,000, while budgeted cash disbursements are $68,000. Einstein Company wants to have an ending cash balance of $55,000. The excess (deficiency) of cash available over disbursements for the month would be O A. $123,000 OB. $35,000 OC. $171,000 OD. $(35,000) Distribution Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $200,000 $300,000 $250,000 The amount of cash that will be collected in July is budgeted to be O A. $275,000 O B. $175,000 OC. $100,000 OD. $257,500