Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Deprecated Deprecated
wrote...
Go to Answer
Posts: 2784
Rep: 104 0
7 years ago
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
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 368 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Deprecated Author
wrote...
#2
7 years ago
Makes perfect sense, thx
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1200 People Browsing
 116 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 258
  
 353
  
 1426
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: Who's your favorite biologist?