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Home Q & A Board Other Fields Homework Help Business Accounting
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les123456 les123456
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5 years ago
Louise, Inc. has a cash balance of $24,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows:  

AprMayJun
Cash collections$20,000$25,000$24,000
Cash payments:
Purchases of direct materials4,0004,0006,200
Operating expenses6,0004,6004,600

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) $25,000
B) $59,000
C) $55,000
D) $50,400
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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piepie
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les123456 Author
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#2
5 years ago
White Checkmark
pie
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#3
5 years ago
...I assume it was right Smiling Face with Open Mouth
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#4
4 years ago
thank you
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#5
3 years ago
Thank you!
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