The George Company has a policy of maintaining an end-of-month cash balance of at least $33,000. In months where a shortfall is expected, the company can draw in $1,000 Increments on a line of credit it has with a local bank, at an Interest rate of 12% per annum. All borrowings are assumed for budgeting purposes to occur at the beginning of the month, while all loan repayments (In $1,000 Increments of principal) are assumed to occur at the end of the month. Interest is paid at the end of each month. For April, an end-of- month cash balance (prior to any financing and Interest expense) of $14,000 Is budgeted: for May, an excess of cash collected over cash payments (prior to any interest payments and loan repayments) of $18,000 is anticipated. a. What is the interest payment estimated for April (there is no bank loan outstanding at the end of March)? (Do not round Intermediate calculations.) b. What is the total financing effect (cash interest plus loan transaction) for May? (Do not round Intermediate calculations.) a. Estimated interest payment b. Total financing effect Kraft Bakeries Introduced in 2019 a new line of frozen apple ple. For 2019, sales by quarter were as follows: 11.500 units, 15.500 units 15,000 units, and 19,000 units. Because of aggressive marketing and promotion, the company expects that sales for each quarter of 2020 will be 25% higher than the respective quarter in 2019. The selling price per unit in 2020 is expected to be $200. What are the expected sales, in units and dollars, for the second quarter of 2020? For the third quarter of 2020? Second Quarter of 2020 Third Quarter of 2020 Expected sales in units Expected sales in dollars Grey Manufacturing Company expects sales to total 15,100 units in the first quarter, 13.500 units in the second quarter, and 18,000 units In the third quarter of the current fiscal year. Company policy is to have on hand at the end of each quarter an amount of Inventory equal to 10% of the following quarter's sales. Given this information, how many units should be scheduled for production in the second quarter? Scheduled production units