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Liza Minnelli & Company has the following budgeted data available: (a) purchases $250,000 (b) cash receipts $600,000 (c) wages $325,000 (d) rent $40,000 and (e)

Liza Minnelli & Company has the following budgeted data available:

(a) purchases $250,000

(b) cash receipts $600,000

(d) rent $40,000 and

(e) loan proceeds received $100,000.

If the companys beginning cash balance is $800,000, what is its projected ending cash balance? All expenditures are paid immediately.

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