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Question 24

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Use the following information to answer questions
Cyclone Inc. is a wholesaler of mattresses that began business on January 1. The company's sales policy requires 40% payment in the month of sale, 30% the next month, and 30% due the third month. Purchases will be paid 60% in the month of purchase and 40% in the following month. Cyclone expects to begin operations in January with $5,000 in cash. Cyclone's expected transactions from January to May are as follows:
Use the following information to answer questions  Cyclone Inc. is a wholesaler of mattresses that began business on January 1. The company's sales policy requires 40% payment in the month of sale, 30% the next month, and 30% due the third month. Purchases will be paid 60% in the month of purchase and 40% in the following month. Cyclone expects to begin operations in January with $5,000 in cash. Cyclone's expected transactions from January to May are as follows:    -The budgeted available cash balance for February is A)  $ 8,000. B)  $13,000. C)  $30,000. D)  $35,000. E)  none of the above.
-The budgeted available cash balance for February is


A) $ 8,000.
B) $13,000.
C) $30,000.
D) $35,000.
E) none of the above.

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