3 multiple choice please need quick answering

1. A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Payable can be taken from the ________.

schedule of cash payments

inventory, purchases, and cost of goods sold budget

direct materials budget

selling and administrative expenses budget

2. Fulkron, Inc. provides the following data taken from its third quarter budget:

Jul	Aug	Sep
Cash collections	$68,000	$34,000	$42,000
Cash payments:
Purchases of direct materials	31,000	32,000	25,000
Operating expenses	11,000	19,000	20,000
Capital expenditures	0	34,000	7,000

The cash balance on June 30 is projected to be$12,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August.

$38,000

$34,000

$13,000

$23,000

3. Chatelain Company is preparing its budget for the third quarter. The cash balance on June 30 was$34,000. Additional budgeted data are provided here:

Jul	Aug	Sep
Cash collections	$52,000	$52,000	$54,000
Cash payments
Purchases of direct materials	19,000	18,000	19,000
Operating expenses	26,000	24,000	27,000
Capital expenditures	11,000	10,000	14,000

What amount should be shown in the cash budget for the cash balance at the end of July?

$30,000

$108,000

$22,000

$86,000