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Use the following information for Questions 31 - 35. Sales estimates: Q1 - 6,000; Q2 - $9,000; Q3 - $12,000; Q4 - 12,000; Year 2:
Use the following information for Questions 31 - 35. Sales estimates: Q1 - 6,000; Q2 - $9,000; Q3 - $12,000; Q4 - 12,000; Year 2: Q1 - $6,000 Beginning A/R: $2,000 Average collection period: 30 days Beginning A/P: $1,500 Accounts payable: 40% of next quarter's sales Accounts payable period: 60 days Wages & other expenses: 30% of current quarter sales Interest & dividend payments are $200 per Quarter A major capital expenditure of $3,000 will occur in Q3 Initial cash balance is $1,000; minimum cash balance is $100 31. What is the value of ending receivables in Q2? O$3,000 O$3,800 O$3,600 O$3,400 ONone of the above are correct solutions 32. What is the amount of PAYABLES paid in Q2? O$4,200 O$4,400 O$4,000 O$4,600 33. PURCHASES paid in Q2 is $1,600. What is the value of cash disbursements in Q2? O$5,000 O$5,400 O$6,900 O$7,200 ONone of the above are correct solutions 34. What is the net cash flow for Q1? O$100 O$1,300 O$500 O$1,000 ONone of the above are correct solutions 35. What is the Surplus (or Deficit) for Q1? O$600 O$800 O$1,000 O$2,200 ONone of the above are correct solutions Use the following information for Questions 31 - 35. Sales estimates: Q1 - 6,000; Q2 - $9,000; Q3 - $12,000; Q4 - 12,000; Year 2: Q1 - $6,000 Beginning A/R: $2,000 Average collection period: 30 days Beginning A/P: $1,500 Accounts payable: 40% of next quarter's sales Accounts payable period: 60 days Wages & other expenses: 30% of current quarter sales Interest & dividend payments are $200 per Quarter A major capital expenditure of $3,000 will occur in Q3 Initial cash balance is $1,000; minimum cash balance is $100 31. What is the value of ending receivables in Q2? O$3,000 O$3,800 O$3,600 O$3,400 ONone of the above are correct solutions 32. What is the amount of PAYABLES paid in Q2? O$4,200 O$4,400 O$4,000 O$4,600 33. PURCHASES paid in Q2 is $1,600. What is the value of cash disbursements in Q2? O$5,000 O$5,400 O$6,900 O$7,200 ONone of the above are correct solutions 34. What is the net cash flow for Q1? O$100 O$1,300 O$500 O$1,000 ONone of the above are correct solutions 35. What is the Surplus (or Deficit) for Q1? O$600 O$800 O$1,000 O$2,200 ONone of the above are correct solutions
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