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Deprecated Deprecated
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Posts: 2784
7 years ago
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
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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7 years ago
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Deprecated Author
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7 years ago
Thanks!
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3 years ago
s
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3 years ago
thank you
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3 years ago
Nice!
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