Homework Help is Here – Start Your Trial Now!
Business
Accounting
Nyree Company is preparing its budget for the third quarter. The cash balance on June 30 was $30,000.00. Additional budgeted data are provided here: Sep July $52,000.00 $54,000.00 $56,000.00 Aug Cash collections Cash payments Purchases of direct materials 24,000 26,000 22,000 Operating expenses Capital expenditures What amount should be shown in the cash budget for the cash balance at the end of July? 24,000 12,000 18,000 29,000 15,000 11,000 O A. $30,000.00 O B. $112,000.00 OC. $22,000.00 O D. $82,000.00

Nyree Company is preparing its budget for the third quarter. The cash balance on June 30 was $30,000.00. Additional budgeted data are provided here: Sep July $52,000.00 $54,000.00 $56,000.00 Aug Cash collections Cash payments Purchases of direct materials 24,000 26,000 22,000 Operating expenses Capital expenditures What amount should be shown in the cash budget for the cash balance at the end of July? 24,000 12,000 18,000 29,000 15,000 11,000 O A. $30,000.00 O B. $112,000.00 OC. $22,000.00 O D. $82,000.00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

31

Nyree Company is preparing its budget for the third quarter. The cash balance on June 30 was $30,000.00. Additional budgeted data are provided here: Sep Aug $52,000.00 $54,000.00 $56,000.00 July Cash collections Cash payments Purchases of direct materials 24,000 26,000 22,000 24,000 12,000 18,000 29,000 Operating expenses Capital expenditures What amount should be shown in the cash budget for the cash balance at the end of July? 15,000 11,000 ...... O A. $30,000.00 B. $112,000.00 OC. $22,000.00 O D. $82,000.00
Transcribed Image Text:Nyree Company is preparing its budget for the third quarter. The cash balance on June 30 was $30,000.00. Additional budgeted data are provided here: Sep Aug $52,000.00 $54,000.00 $56,000.00 July Cash collections Cash payments Purchases of direct materials 24,000 26,000 22,000 24,000 12,000 18,000 29,000 Operating expenses Capital expenditures What amount should be shown in the cash budget for the cash balance at the end of July? 15,000 11,000 ...... O A. $30,000.00 B. $112,000.00 OC. $22,000.00 O D. $82,000.00
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Market Efficiency
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS