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Berman Company is preparing its budget for the third quarter. Cash balance on July 31 was $32,000. Assume there is no minimum balance of cash

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Berman Company is preparing its budget for the third quarter. Cash balance on July 31 was $32,000. Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional budgeted data are provided here: Calculate the projected balance of cash at the end of August. A. $30,000 B. $26,000 C. $36,000 D. $114,000

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