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Fulkron, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections Cash payments Purchases of direct materials Operating expenses
Fulkron, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections Cash payments Purchases of direct materials Operating expenses Capital expenditures $66,000 $45,000 $41,000 32,000 11,000 35,000 17,000 35,000 30,000 20,000 8,000 The cash balance on June 30 is projected to be $14,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August. OA. OB. O C. OD, $37,000 $5,000 $35,000 $22,000
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