Simon the pieman bakery is budgeting cash for 2017. the cash balance at december 31, 2016, was $ 14 comma 000. simon the pieman bakery budgets 2017 cash receipts at $ 80 comma 000. estimated cash payments include $ 42 comma 000 for inventory, $ 32 comma 000 for operating expenses, and $ 17 comma 000 to expand the store. simon the pieman bakery needs a minimum cash balance of $ 6 comma 000 at all times. simon the pieman bakery expects to earn net income of $ 75 comma 000 during 2017. what is the final result of the company's cash budget for 2017?

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.