The following selected data pertain to Phineus Corporation:

Cash operating expenses, July 1-31	$ 177,000
Depreciation	57,000
Merchandise purchases in July	557,000
Estimated payments in July for purchases in June	217,000
Estimated payments in July for purchases prior to June	47,000
Estimated payments in July for purchases in July	35 %

July's cash disbursements are expected to be:

$371,950.

$428,950.

$635,950.

$692,950.

Some other amount.

Digregory makes all purchases on account, subject to the following payment pattern:

Paid in the month of purchase: 25%
Paid in the first month following purchase: 55%
Paid in the second month following purchase: 20%

If purchases for January, February, and March were $194,000, $174,000, and $224,000, respectively, what were the firm's budgeted payments in March?

$56,000.

$123,200.

$151,700.

$190,500.

Some other amount.

Wolverine, Inc. began operations on January 1 of the current year with a $11,000 cash balance. 50% of sales are collected in the month of sale; 50% are collected in the month following sale. Similarly, 10% of purchases are paid in the month of purchase, and 90% are paid in the month following purchase. The following data apply to January and February:

	January	February
Sales	$ 25,000	$ 45,000
Purchases	25,000	30,000
Operating expenses	6,000	8,000

If operating expenses are paid in the month incurred and include monthly depreciation charges of $1,500, determine the change in Wolverine's cash balance during February.

$1,500 increase.

$3,000 increase.

$11,500 increase.

$13,000 increase.

Some other amount.