How concord corporation must borrow

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Question a: On January 1, Concord Corporation has a beginning cash balance of $166000. During the year, the company expects cash disbursements of $970000 and cash receipts of $780000. If Concord requires an ending cash balance of $120000, Concord Corporation must borrow?

Question b: Concord Corporation has 34000 units in beginning finished goods. If sales are expected to be 140000 units for the year and Concord desires ending finished goods of 40000 units, how many units must the company produce?

Question c: Sunland Company's direct materials budget shows total cost of direct materials purchases for January $250000, February $270000 and March $330000. Cash payments are 60% in the month of purchase and 40% in the following month. The budgeted cash payments for March are

Reference no: EM132602274

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