Tuscarora, Inc., a merchandising company, has the following budgeted figures:

	Jan	Feb	Mar	April
Sales	$54,000.00	$69,000.00	$86,000.00	$95,000.00
Cost of goods sold	50% of sales
Required ending inventory	$10,000.00 + 20% of next month's sales
Inventory on hand on Jan 1	$27,500.00

Calculate the budgeted purchases for the month of January.

A. $50,800.00

B. $23,300.00

C. $3,200.00

D. $23,800.00

Nyree Company is preparing its budget for the third quarter. The cash balance on June 30 was $32,000.00.

Additional budgeted data are provided here:

	July	Aug	Sep
Cash collections	$53,000.00	$51,000.00	$52,000.00
Cash payments
Purchases of direct materials	23,000	21,000	22,000
Operating expenses	26,000	26,000	32,000
Capital expenditures	7,000	6,000	6,000

What amount should be shown in the cash budget for the cash balance at the end of July?

a) 109,000.00

b) 85,000.00

c) 29,000.00

d) 24,000.00