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Gamma Corp has prepared a preliminary cash budget for the third quarter shown below. Cash Budget Jul Aug Sep Beginning cash balance $36,000 $14,000 $20,000

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Gamma Corp has prepared a preliminary cash budget for the third quarter shown below. Cash Budget Jul Aug Sep Beginning cash balance $36,000 $14,000 $20,000 Plus Cash collections 456,000 %53,000 46, 800 Cash available 92,000 $67,000 $66, 800 Less: Cash payments Purchases of direct materials 36,000 9,000 11,000 Operating expenses 41,000 30,000 30,000 Capital expenditures 1,000 8,000 7, 700 Ending cash balance $14,000 $20,000 $17, 300 Subsequently, the marketing department revised its figures for cash collections. New data are as a follows. $54,000 in July $56,000 in August, and $46,000 in September. Based on the new data. calculate the new $21,000 $12,000 $14,000 $17, 600

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