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Home Q & A Board Other Fields Homework Help Business Accounting
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8 years ago
Burns Corp. has provided a part of its budget for the second quarter:

   Apr   May   Jun
Cash collections   $43,000   $45,000   $50,000
Cash payments:         
Purchases of direct materials   7,200   5,000   7,000
Operating expenses   6,000   7,900   7,000
Capital expenditures   4,000   4,600   20,000

The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of June.
A) $115,300
B) $81,300
C) $37,800
D) $65,300
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Deprecated Author
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#2
7 years ago
Makes perfect sense, thx
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#3
4 years ago
thank you
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