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There are no budgeted capital expenditures or financing transactions during the quarter. Based on: the above data, calculate the projected cash balance at the end of June. OA. $51.000 OB. $66,400 C. $48,000 D. $38,000

There are no budgeted capital expenditures or financing transactions during the quarter. Based on: the above data, calculate the projected cash balance at the end of June. OA. $51.000 OB. $66,400 C. $48,000 D. $38,000

FINANCIAL ACCOUNTING
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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Eudora, Inc. has a cash balance of $24,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows: Cash collections Cash payments: Purchases of direct materials Operating expenses Apr $24,000 A. $51.000 B. $66,400 C. $48,000 D. $38,000 4,000 6,000 May $25,000 10 6,000 6,000 Jun $25,000 There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of June. 4,600 5,000
Transcribed Image Text:Eudora, Inc. has a cash balance of $24,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as follows: Cash collections Cash payments: Purchases of direct materials Operating expenses Apr $24,000 A. $51.000 B. $66,400 C. $48,000 D. $38,000 4,000 6,000 May $25,000 10 6,000 6,000 Jun $25,000 There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of June. 4,600 5,000
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