After Class Practice 5-1 Answer the following questions before doing CP5-1. A. You are a college student and make extra money selling Shipley's donuts in the Student Center every morning, in preparing your budget for the coming month, you anticipate selling 5 dozen donuts each class day for $.25 each. (There are 21 class days in the coming month.) What is the amount of your budgeted sales in donuts and dollars? B. As a part-time job, you sell bibles from your home. It is the end of October and you are trying to plan for the coming holiday season, traditionally a very good time for selling Bibles. You currently have 20 bibles available to sell to customers and anticipate selling 123 bibles during November. Because December is usually an even bigger month, you think you should have 32 bibles at the end of November. How many bibles must you purchase ($10 each) in November and what will be the total cost of your purchase? C. Right now, you have $100 in your checking account, the minimum required by your bank before the bank assesses a service charge. You expect to earn $2,000 next month waiting tables. Your bills are estimated to be: Rent $350 Utilities 150 Food 260 Eating out 800 Entertainment 575 Dry cleaning/laundry 200 Cleaning service 220 Gasoline 115 How much money will you have to borrow from your parents in order to maintain a $100 balance in your checking account and avoid the service charge? 5-19