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22) lowa Supply, Inc. provides the following data taken from its third quarter budget Jul $83,000 $66,000 $56,00 Au g Sep Cash collections Cash payments:
22) lowa Supply, Inc. provides the following data taken from its third quarter budget Jul $83,000 $66,000 $56,00 Au g Sep Cash collections Cash payments: Purchases of direct materials Operating expenses 49,000 8,000 20,000 7,000 apital expenditures 33,000 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 July, August, and September. Show all computations. ao points) 10
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