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



Title: Iowa Supply, Inc. provides the following data taken from its third quarter budget:JulAugSepCash ...
Post by: Deprecated on Sep 20, 2016
Iowa Supply, Inc. provides the following data taken from its third quarter budget:

   Jul   Aug   Sep
Cash collections   $81,000   $65,000   $56,000
Cash payments:         
Purchases of direct materials   52,000   28,000   30,000
Operating expenses   10,000   16,000   21,000
Capital expenditures   0   32,000   8,000

The cash balance on June 30 is projected to be $11,000. Based on the above data, calculate the cash balance the company is projected to have at the end of September.
A) $16,000
B) $19,000
C) $59,000
D) $75,000


Title: Re: Iowa Supply, Inc. provides the following data taken from its third quarter budget:JulAugSepCash ...
Post by: .unplugged. on Sep 20, 2016
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Title: Re: Iowa Supply, Inc. provides the following data taken from its third quarter budget:JulAugSepCash ...
Post by: Deprecated on Oct 12, 2016
Makes perfect sense, thx