Iowa Supply, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $81,000 $65,000 $56,000 Cash payments: Purchases of direct materials 52,000 28,000 30,000 Operating expenses 10,000 16,000 21,000 Capital expenditures 0 32,000 8,000 The cash balance on June 30 is projected to be $11,000. Based on the above data, calculate the cash balance the company is projected to have at the end of September. A. $75,000 B. $59,000 C. $19,000 D. $16,000

On June 30, Alpha Company's cash balance is $4,000. Alpha is now preparing their cash budget for the third quarter of the year. The following data is provided:

Cash budget	July	Aug	Sep
Beginning cash balance	$4,000	$8,000	$6,958
Plus: Cash collections	50,000	40,000	49,000
Cash available	$54,000	$48,000	$55,958
Less: Cash payments
Purchases of direct materials	31,000	22,000	17,100
Operating expenses	12,000	9,000	11,000
Capital expenditures	13,000	25,000	0
Interest expense at 5%	0	42	104
Less: Total cash payments	$56,000	$56,042	$28,204
Ending cash balance before financing	$(2,000)	$(8,042)	$27,754
Minimum cash balance desired	(5,000)	(5,000)	(5,000)
Cash excess/(deficiency)	$(7,000)	$(13,042)	$22,754
Financing
Borrowing at end of month	10,000	15,000
Principal repayments at end of month			$(20,000)
Total effects of financing	10,000	15,000	(20,000)
Ending cash balance	$8,000	$6,958	$7,754

The amount of cash that should be shown in the budgeted balance sheet as of September 30 would be________.

A.

$7,754

B.

$6,958

C.

$55,958

D.

$22,754