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Roberts Supply, Inc. provides the following data taken from its third quarter budget: Cash collections Cash payments: Purchases of direct materials Operating expenses Capital expenditures
Roberts Supply, Inc. provides the following data taken from its third quarter budget: Cash collections Cash payments: Purchases of direct materials Operating expenses Capital expenditures Jul $82,000 Aug $67,000 Sep $59,000 48,000 29,000 50,000 12,000 15,000 21,000 0 32,000 8,000 The cash balance on June 30 is projected to be $12,000. Based on the above data, calculate the cash balance the company is projected to have at the end of September. A. $25,000 OB. $5,000 OC. $84,000 OD. $79,000
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