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Alpha Corp. has the following sales forecasts for the selected three-month period in the current year: Month Sales April $10,000 May 9,000 June 11,000 Sixty

Alpha Corp. has the following sales forecasts for the selected three-month period in the current year: Month Sales April $10,000 May 9,000 June 11,000 Sixty percent of sales are collected in the month of the sale, and the remaining balance is collected in the following month. Accounts Receivable balance (April 1) $11,000 Cash balance (April 1) 4,000 Minimum cash balance is $2,500. Cash can be borrowed in $1,000 increments from the local bank (assume no interest charges). Calculate the expected cash balance at the end of April, assuming that cash is received only from customers and that $15,000 is paid out during April

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