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Fulkron, Inc. provides the following data taken from its third quarter budget: Jul $67,000 Aug $41,000 Sep $42,000 Cash collections Cash payments Purchases of direct
Fulkron, Inc. provides the following data taken from its third quarter budget: Jul $67,000 Aug $41,000 Sep $42,000 Cash collections Cash payments Purchases of direct materials Operating expenses Capital expenditures 35,000 17,000 34,000 30,000 10,000 30,000 21,000 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. O A. $34,000 OB. $41,000 OC, $21,000 O D. $4,000
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