Western Company is preparing a cash budget for June. The company has $10,100 cash at the beginning of June and anticipates $31,900 in cash receipts and $38,300 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must:

Repay $3,700.

Repay $6,300.

Borrow $6,400.

Borrow $6,300.

Borrow $10,000.

Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $37,200. Cash receipts are expected to be $649,000 and cash payments for purchases are expected to be $616,500. Other cash expenses expected are $27,800 selling and $34,300 general and administrative. The company desires a minimum cash balance at the end of each month of $38,000. If necessary, the company borrows enough cash to meet the minimum cash balance using a short-term note. Webster's preliminary cash balance before loan activity for April is expected to be:

($29,600).

$30,400.

$7,600.

$38,000.

$69,700.

Cameroon Corp. manufactures and sells electric staplers for $15.10 each. If 10,000 units were sold in December, and management forecasts 3% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be:

$165,002

$169,952

$160,196

$151,000

$155,530

Ratchet Manufacturing anticipates total sales for August, September, and October of $210,000, $220,000, and $230,500 respectively. Cash sales are normally 20% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of accounts receivable to be reported on the company's budgeted balance sheet for August.

$42,000.

$168,000.

$44,000.

$210,000.

$176,000.

Frankie's Chocolate Co. reports the following information from its sales budget:

Expected Sales:	July	$ 85,000
	August	105,000
	September	115,000

Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:

$78,750.

$107,500.

$193,750.

$115,000.

$28,750.

Webster Corporation's budgeted sales for February are $333,000. Webster pays sales representatives a commission of 5% of sales dollars. The company pays a sales manager a monthly salary of $5,200 and expects advertising expense of $2,800 per month. Compute the total selling expenses to be reported on the selling expense budget for the month of February.

$21,850.

$8,000.

$19,450.

$16,650.

$24,650.

Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of units expected to be produced are 184,000 in October, 192,500 in November, and 189,000 in December. Glaston assigns variable overhead at a rate of $0.80 per unit of production. Fixed overhead equals $141,000 per month. Compute the total budgeted overhead that would appear on the factory overhead budget for month of October.

$141,000.

$288,200.

$325,000.

$147,200.

$295,000.