Hans Wunderburg runs a small manufacturing operation, producing and selling machine parts to European companies. At the start of April, his bank account had an overdrawn bank balance of $2,500. His bank has asked him to produce a budgeted bank balance for the end of April. Hans estimates that his customers will pay him $41,000 of what is owed while he will pay his suppliers $26,000 during the month. What is Han's budgeted bank account balance at the end of April?

Hans Wunderburg runs a small manufacturing operation, producing and selling machine parts to European companies. At the start of April, his bank account had an overdrawn bank balance of $2,500. His bank has asked him to produce a budgeted bank balance for the end of April. Hans estimates that his customers will pay him $41,000 of what is owed while he will pay his suppliers $26,000 during the month. What is Han's budgeted bank account balance at the end of April?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter5: Managing Checking And Savings Accounts

Section: Chapter Questions

Problem 7FPC

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33. subject:- Accounting
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