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Other Fields Homework Help Accounting Topic started by: Deprecated on Sep 20, 2016



Title: Louise, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget ...
Post by: Deprecated on Sep 20, 2016
Louise, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows:   

   Apr   May   Jun
Cash collections   $22,000   $22,000   $24,000
Cash payments:         
Purchases of direct materials   4,600   5,000   6,800
Operating expenses   6,000   4,600   6,000

There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of May.
A) $48,400
B) $43,800
C) $53,400
D) $22,000


Title: Re: Louise, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash ...
Post by: Tanks on Sep 20, 2016
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Title: Re: Louise, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget ...
Post by: Deprecated on Oct 12, 2016
Thanks!


Title: Re: Louise, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash ...
Post by: markbryan on May 25, 2020
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Title: Re: Louise, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash ...
Post by: Dulce Soliz-Guzman on May 28, 2020
thank you


Title: Re: Louise, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash ...
Post by: ruben aldape on Feb 20, 2021
Nice!