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PLEASE, PROVIDE THE SOLUTION. THANK YOU! Tortilla Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections $43,000
PLEASE, PROVIDE THE SOLUTION. THANK YOU!
Tortilla Corp. has provided a part of its budget for the second quarter:
| Apr | May | Jun | ||
| Cash collections | $43,000 | $40,000 | $52,000 | |
| Cash payments: | ||||
| Purchases of direct materials | 5,000 | 4,500 | $7,200 | |
| Operating expenses | 7,200 | 5,600 | ||
| Capital expenditures | 5,000 | 20,000 | 00 |
The cash balance on April 1 is$13,000.
Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May.
A.$56,000
Your answer is not correct.
B.$30,100
C.$78,800
D.$48,700
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