Question
Burns Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections $42,000 $40,000 $43,000 Cash payments: Purchases of
Burns Corp. has provided a part of its budget for the second quarter:
| Apr | May | Jun | ||
| Cash collections | $42,000 | $40,000 | $43,000 | |
| Cash payments: | ||||
| Purchases of direct materials | 4,500 | 7,200 | 5,000 | |
| Operating expenses | 7,000 | 6,000 | 6,000 | |
| Capital expenditures | 4,000 | 20,000 | 10,000 |
The cash balance on April 1 is $14,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of June.
A.$90,300
B.$40,500
C.$47,300
D.$69,300
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ISO 13485 Auditing Journal Notes Checklists Observations Evidence Log
Authors: Just Visualize It, The Quality Guy
1st Edition
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