Using the following information: a. Beginning cash balance on March 1, $78,000. b. Cash receipts from sales, $301,000. c. Cash payments for direct materials, $132,000. d. Cash payments for direct labor, $70,000. e. Cash payments for overhead, $42,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $160 (1% of beginning loan balance of $16,000) h. Cash repayment of loan $16,000. Prepare a cash budget for March for Gado Company GADO COMPANY Cash Budget March Total cash available Less: Cash payments for Total cash payments Loan activity Loan balance, and of month Reni QS 20-28A (Algo) Merchandising: Computing purchases LO P4 Raider-X Company budgets sales of 11.000 units for April and 13,000 units for May. Beginning inventory on April 1is 3,600 units, and the company wants to have 30% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $2. Prepare a merchandise purchases budget for the month of April. RAIDER-X COMPANY Merchandise Purchases Budget April Budgeted sales units Next period budgetod sales units Ratio of inventory to futuro sales Total required units Units to be purchased Cost per unit Cout of merchandise purchases