Duffy Corp. has provided a part of its budget for the second quarter.Apr$40,000Cash collectionsCash payments:Purchases of direct materialsOA. $42,000OB. $71,000O C. $53,000O D. $61,0005,0006,000Operating expenses6,0006,000Capital expenditures10,00020,000The 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 April.4May$40,0005,0006,0000Jun$42,000D

PARTICULARS APRIL ($) BEGINING BALANCE $13,000 CASH COLLECTION $40,000 LESS : CASH…

Duffy Corp. has provided a part of its budget for the second quarter. Apr $40,000 Cash collections Cash payments: Purchases of direct materials 6,000 Operating expenses 6,000 Capital expenditures 20,000 The cash balance on April 1 is $13,000. Assume that there will be no financing transactions or costs du OA. $42,000 B. $71,000 C. $53,000 O D. $61,000 May Jun $40,000 $42,000 5,000 6,000 0 5,000 6,000 10,000 …….

Duffy Corp. has provided a part of its budget for the second quarter. Apr $40,000 Cash collections Cash payments: Purchases of direct materials 6,000 Operating expenses 6,000 Capital expenditures 20,000 The cash balance on April 1 is $13,000. Assume that there will be no financing transactions or costs du OA. $42,000 B. $71,000 C. $53,000 O D. $61,000 May Jun $40,000 $42,000 5,000 6,000 0 5,000 6,000 10,000 …….

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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