The BRS Corporation makes collections on sales according to the following schedule: 4095 in month of sale 5696 in month following sale 4% in second month following sale The following sales have been budgeted: Sales April. $210, 000 May $160, 000 June $150, 000 , Budgeted cash collections in June would be: Multiple Choice 0 $150,840 $149,600 0 0 $158,000 O $150,000 Prev 1 of10 Next > 10 The Bandeiras Corporation. a merchandising rm. has budgeted its activity for December according to the following information: The budgeted cash receipts for December are: Sales at $560,000, all for cash. Merchandise Inventory on November 30 was $255,000. The cash balance at December 1 was $29,000. Selling and administrative expenses are budgeted 81393000 for December and are paid in cash. Budgeted depreciation for December is $47,000. The planned merchandlse Inventory on December 31 is $285,000 The cost of goods sold is 70% of the sales price. a All purchases are paid for in cash. . There Is no Interest expense or Income tax expense. Multiple Choice 0 O O 0 $560,000 $415,000 $135,000 $607,000 a % 5 Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $13,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $181,000. The desired ending cash balance is $35,000. The excess (deficiency) of cash available over disbursements for July will be: Multiple Choice O $14,000 O $195,000 O $12,000 O $1,000 Mc Graw Hill Sparks Corporation has a cash balance of $9,300 on April 1, The company must maintain a minimum cash balance of $7,500. During April, expected cash receipts are $51,000, Cash disbursements during the month are expected to total $56,500. Ignoring interest payments, during April the company will need to borrow: Multiple Choice 0 $5,500 $1500 $3.300 O O $3.700 O Next > % 8 The Puyer Corporation makes and sells only one product called a Deb. The company Is In the process of preparlng Its Selling and Administrative Expense Budget for next year. The following budget data are available: Variable Monthly Cost Fixed Per Deb Cost Sold Sales commissions $1.02 Shipping $1.52 Advertising $51,200 $0.32 Executive salaries $61,200 Depreciation on office equipment '21'200 Other $41,200 All of these expenses {except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 16.200 Debs in February, then the total budgeted xed selling and administrative expenses for February is: Multiple Choice 0 $133,600 $121500 $174,800 0 O $153,600 0 Next > g