The controlier of Big River Inc wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending May 31, 2024: -Dividends are payable to shareholders of record on declaration date, 30 days after declaration Required: 1. Prepare a cash budget for the month ended May 31, 2024, indicating how much, if anything, Big River will need to borrow to meet its minimum cash requirement. (Leave no cells blank - be certain to enter " 0 " wherever required.) 2. Supposing the cash management policy at Big River permits borrowing up to $66,000 for the purpose of financial slack, how much will be borrowed? Gina Lakes Boating is the wholesale distributot of small recreational catamaran sallboats. Management has prepared the following summary data to use in its annual budgeting process. Required: Prepare the company's budgeted income statement. The management of Classic Copy, a photocopying centre located on College Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: The beginning balance of retained earnings was $28,000, net income is budgeted to be $12,000, and dividends are budgeted to be $5.000. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated with minus sign.) Assets 10 points ebook Diverences Jackson has just returned from a duck-hunting trip. He has brought home eight ducks. Jackson's friend tily disapproves of duck hunting and, to discourage Jackson from further hunting. Lily has presented him with the foliowing cost estimate per trip. Required: 1. Assuming that the duck-hunting trip Jackson has just completed is typical, what costs are relevant to a decision as to whether Jackson should go duck hunting egain this season? 2. Suppose that Jackson gets lucky on his next hunting trip and shoots ten ducks in the amount of time it took him to shoot eight ducks on his last trip. How much would it have cost him to shoot the last two ducks? (Leave no cells blank-be certain to enter " 0 " wherever required.) 3. Which costs are relevant in a decision of whether Jackson should give up hunting? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be outomatically graded as incorrect.) [? Shotgun shells 2. Deprecietion of boat, pickup truck 2. Hunting licence (7) Trovel cost (gas, od and tires) 2 Cost of his Camper and equipment 3. Which costs are relevant in a decision of whether Jackson should give up hunting? (You may select more than one answer: Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Shotgun shels Depreciation of boat, pickup truck Hunting licence Travel cost (0os, oit and tires) Cost of his Comper and equipment 7 Money lost in poicer