Grenoble enterprises had sales of $50,400 in March and $59,800 in April. Forecast sales for May-July are $70,300, $80,000, $100,400 respectively. The firm has a cash bal of $4,800 on May 1 and wishes to maintain cash bal of $4,800, Given the following data prepare and interpret a cash budget for the months of May, June and July. 1. The firm makes 25% of sales for cash, 56% are collected in the next month, and the remaining 19% are collected in the second month following sale.
2. The firm receives other income of $1,900 per month.
3. The firm's actual or expected purchases, all made for cash, are $49,700, $69,700, and $79,500 for the months of May through July, respectively.
4. Rent is $2,800 per month.
5. Wages and salaries are 9% of the previous month's sales.
6. Cash dividends of $2,600 will be paid in June.
7. Payment of principal and interest of $3,700 is due in June.
8. A cash purchase of equipment costing $6,400 is scheduled in July.
9. Taxes of $6,100 are due in June.

Complete the first month of the cash budget for Grenoble Enterprises below:

March April May
Sales $50,400 $59,800 $70,300
Cash sales 10,584 12,558 $?
Lag 1 month $?
Lag 2 months $?
Other income $?
Total cash receipts $?

Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court. the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court. because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located. because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center. because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.