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Use the following information for Questions 31-35. Sales estimates: Q1 - 6000 02 - $9,000; Q3 - $12.000, 04 - 12,000, Year 2:01 $6,000 Beginning
Use the following information for Questions 31-35. Sales estimates: Q1 - 6000 02 - $9,000; Q3 - $12.000, 04 - 12,000, Year 2:01 $6,000 Beginning AVR: $2.000 Average collection period: 30 days Beginning AVP: $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 OZ? OS3,000 OS3.800 O53.600 O$3.400 None of the above are correct salutions 32 What is the amount of PAYABLES paid in Q2? O$4,200 O$4,400 O$4,000 O$4,600 33. PURCHASES pard in Q2 is 51,600. What is the value of cash disbursements in Q2? OS5,000 O$5.400 O$6,900 C$7.200 None of the above are correct solutions 34. What is the net cash flow for 17 0$100 $1,300 $500 D$1,000 None 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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