Diemans Corp -Refer to the Table Above,The Cash Balance on April 1

question 89

Multiple Choice

Diemans Corp. has provided a part of its budget for the 2^nd quarter: $$\begin{array} { | l | r | r | r | } \hline & { \text { Apr } } & { \text { May } } & { \text { June } } \\\hline \text { Cash collections } & \$ 40,000 & \$ 45,000 & \$ 52,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 4,500 & 7,200 & 4,500 \\\hline \text { Operating expenses } & 7,900 & 5,600 & 9,000 \\\hline \text { Capital expenditures } & 0 & 20,000 & 4,600 \\\hline\end{array}$$
-Refer to the table above,The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the cash balance at the end of May.

• A) $51,800
• B) $40,800
• C) $33,900
• D) $21,800

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Definitions:

Market Price

The present cost at which a product or service is available for purchase or sale in a market.

Market Price

The current price at which an asset or service can be bought or sold in the marketplace.

Output

Refers to the total quantity of goods or services produced by an individual, company, or economy.