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Nyree Company is preparing its budget for the third quarter. The cash balance on June 30 was $32,000. Additional budgeted data are provided here: July
Nyree Company is preparing its budget for the third quarter. The cash balance on June 30 was $32,000. Additional budgeted data are provided here: July $53,000| Aug $51,000| Sep $56,000 Cash collections Cash payments Purchases of direct materials Operating expenses Capital expenditures What amount should be shown in the cash budget for the cash balance at the end of July? 20,000 20,000 20,000 32,000 20,00023,000 16,0001 70001 9000 Select one: A. S36,000 B. $17,000 OC. S121,000 D. $85,000
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