Zoo Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $106,000 and budgeted cash disbursements total $97,000. The desired ending cash balance is $40,000. The company can borrow up to $80,000 at any time from a local bank, with interest not due until the following month Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance. Beginning cash balance Add cash receipts Total cash available Less cash disbursements Excess (deficiency) of cash available over disbursements Borrowings Ending cash balance Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,300. Budgeted cash receipts total $184,500 and budgeted cash disbursements total $188,600. The desired ending cash balance is $30,300. To attain its desired ending cash balance for January, the company should borrow: Multiple Choice $30,300 $0 $44,500 M Corporation produces and sells Product D. To guard against stockouts, the company requires that 25% of the next month's sales be on hand at the end of each month. Budgeted sales of Product D over the next four months are: July August September June Budgeted sales in units 40,000 60,00050,000 80,000 Budgeted production for August would be: Multiple Choice 57,500 units 77,000 units Seventy percent of Pluto Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. All sales are on account. The following are budgeted sales data for the company: January February March Budgeted sales $200,000 $300,000 $350,000 $250,000 April Total budgeted cash collections in April would be Multiple Choice $175,000 30,000