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Fulkron Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $66,000 $42,000 $45,000 Cash payments: Purchases of inventory
Fulkron Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $66,000 $42,000 $45,000 Cash payments: Purchases of inventory 50,000 48,000 25,000 Operating expenses 10,000 15,000 20,000 Capital expenditures 0 32,000 6,000 the cash balance on june 30 is projected to be 10000, based on the data above calculate the shortfall the company is expected to have at the end of september
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