Roberts Supply,Inc The Cash Balance on June 30 Is Projected to Be

question 25

Multiple Choice

Roberts Supply,Inc.provides the following data taken from its third quarter budget: $\begin{array}{|l|l|l|l|} \hline& \text { Jul } & \text { Aug } & \text { Sep } \\\hline \text { Cash collections } & \$ 81,000 & \$ 65,000 & \$ 56,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 52,000 & 28,000 & 30,000 \\\hline \text { Operating expenses } & 10,000 & 16,000 & 21,000 \\\hline \text { Capital expenditures } & 0 & 32,000 & 8000\\\hline\end{array}$ The cash balance on June 30 is projected to be $11,000.Based on the above data,calculate the cash balance the company is projected to have at the end of September.

• A) $16,000
• B) $19,000
• C) $75,000
• D) $59,000

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