Tortilla Corp The Cash Balance on April 1 Is $14,000

question 73

Multiple Choice

Tortilla Corp.has provided a part of its budget for the second quarter: $$\begin{array} { | l | r | r | r | } \hline & \text { Apr } & \text { May } & \text { Jun } \\\hline \text { Cash collections } & \$ 42,000 & \$ 40,000 & \$ 45,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 6,000 & 7,000 & 5,000 \\\hline \text { Operating expenses } & 7,000 & 9,000 & \\\hline \text { Capital expenditures } & 0 & 4,600 & 4,000 \\\hline\end{array}$$ The cash balance on April 1 is $14,000.Assume that there will be no financing transactions or costs during the quarter.Calculate the projected cash balance at the end of May.

• A)$62,400
• B)$83,000
• C)$56,000
• D)$20,600

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Timmons Model

A model of entrepreneurship that emphasizes the importance of the opportunity, team, and resources, and suggests that these elements are critical to the success of any venture.

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Factors or influences that contribute to the momentum and direction of change in an organization or system.

Timmons Model

A model of entrepreneurship that emphasizes the dynamic balance between opportunity, resources, and team, with an entrepreneur at the center managing these elements.

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