what is answer for question 27 to 31

n Tadeo Corp. has provided a part of its budget for the second quarter Apr $42.000 May $40.000 45.000 Cash collections Cash payments: Purchases of direct materials Operating expenses Capital expenditures 6000 7000 5000 7000 9000 4600 4000 The cash balance on April 1 is $14.000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May. A) $83,000 B) $56,000 C) $20,600 D)562.400 28) Delbert, Inc. has prepared its third quarter budget and provided the following data: Jul $50,000 Aug $39.600 Sep $46,100 Cash collections Cash payments: Purchases of direct materials Operating expenses Capital expenditures 30,000 12,300 13,700 21,700 8000 24,300 17,600 11.600 0 The cash balance on June 30 is projected to be 54100. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 5%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. How much will the company have to borrow at the end of July? A) $10,000 B) $5,000 C) $15,000 D) $0 29) 29) June sales were $27,000, while projected sales for July and August were $51,000 and $69.000, respectively. Sales are 60% cash and 40% credit. All credit sales are collected in the month following the sale. Calculate expected collections for July (B))541,400 C) $30,600 D) $36,600 30) For a manufacturer, the budgeted income statement A) Includes amounts from the sales, cost of goods sold, cash, and capital expenditures budgets B) is accrual-based C) does not include depreciation expense D) reports cash paid for purchases of direct materials 31) 31) A manufacturing company has prepared the operating budget, the cash budget, and the budgeted Income statement and is now preparing the budgeted balance sheet. The balance of Retained Earnings can be taken from the A) cost of goods sold budget B) schedule of cash receipts balance sheet of the previous year and the budgeted Income statement D) cash budget