Tadeo Corp The Cash Balance on April 1 Is $12,000

question 121

Multiple Choice

Tadeo Corp. has provided a part of its budget for the second quarter: $$\begin{array} { | l | r | r | r | } \hline & { \text { Apr } } &{ \text { May } } & { \text { Jun } } \\\hline \text { Cash collections } & \$ 40,000 & \$ 45,000 & \$ 42,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 7200 & 4500 & 4500 \\\hline \text { Operating expenses } & 7000 & 7000 & 7000 \\\hline \text { Capital expenditures } & 20,000 & 4000 & 20,000 \\\hline\end{array}$$ The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May.

• A) $47,300
• B) $62,800
• C) $52,000
• D) $15,500

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