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Home Q & A Board Other Fields Homework Help Business Accounting
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nurse15 nurse15
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A year ago
Trail Industries is preparing its cash budget for the third quarter of the current year. Sales for the third quarter are budgeted at $870,000 ($290,000 per month). Sales are 80% cash, with the remaining 20% on credit which is collected in the month following the month of sale. On June 30, the cash balance is $48,000, and the Accounts Receivable (all related to June sales) balance is $51,000. Operating expenses for the quarter are budgeted at $464,000, which includes $18,000 of depreciation. Cash expenses are paid in the month incurred. Cash purchases for merchandise inventory are budgeted at $392,000 for the quarter. What is the projected cash balance at the end of the third quarter?

▸ $131,000

▸ $4,000

▸ $73,000

▸ $113,000
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Managerial Accounting

Managerial Accounting


Edition: 4th
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anitasaganitasag
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A year ago
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nurse15 Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Kstan109
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Yesterday
Thanks
jayfo05
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2 hours ago
This site is awesome
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