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Home Q & A Board Other Fields Homework Help Business Accounting
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Chatelain Company is preparing its budget for the third quarter. The cash balance on June 30 was $34,000. Additional budgeted data are provided here:

   Jul   Aug   Sep
Cash collections   $52,000   $52,000   $54,000
Cash payments         
Purchases of direct materials   19,000   18,000   19,000
Operating expenses   26,000   24,000   27,000
Capital expenditures   11,000   10,000   14,000

What amount should be shown in the cash budget for the cash balance at the end of July?
A) $30,000
B) $108,000
C) $22,000
D) $86,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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