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

question 26

Multiple Choice

Diemans Corp .has provided a part of its budget for the 2^nd quarter: $\begin{array}{|l|r|r|r|} \hline& {\text { Apr }} &{\text { May }} &{\text { June }} \\\hline \text { Cash collections } & \$ 40,000 & \$ 45,000 & \$ 52,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 4,500 & 7,200 & 4,500 \\\hline \text { Operating expenses } & 7,900 & 5,600 & 9,000 \\\hline \text { Capital expenditures } & 0 & 20,000 & 4,600 \\\hline\end{array}$ 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 June.

• A) $26,500
• B) $40,800
• C) $85,700
• D) $21,800

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Definitions:

Duplicated Chromosomes

Chromosomes that have undergone replication, resulting in two identical copies joined together, crucial for cell division.

Purine

A nitrogen-containing compound that is one of the two types of bases found in DNA and RNA, the other being pyrimidine.

Pyrimidine

A nitrogenous base found in nucleic acids, characterized by a single ring structure, such as cytosine, thymine (in DNA), and uracil (in RNA).

Diploid

Having two of each type of chromosome characteristic of the species (2n).