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Parker, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash
Parker, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows: Cash collections Cash payments: Purchases of direct materials Operating expenses There are no budgeted capital expenditures during the quarter. Based on the above data, calculate the projected cash balance at the end of April. $41,000 $35,000 $45,000 $25,000
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