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

question 83

Multiple Choice

Burns Corp.has provided a part of its budget for the second quarter: $$\begin{array} { | l | r | r | r | } \hline& \text { Apr } & \text { May } & \text { Jun } \\\hline \text { Cash collections } & \$ 43,000 & \$ 45,000 & \$ 50,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 7,200 & 5,000 & 7,000 \\\hline \text { Operating expenses } & 6,000 & 7,900 & 7,000 \\\hline \text { Capital expenditures } & 4,000 & 4,600 & 20,000 \\\hline \end{array}$$ 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 June.

• A)$115,300
• B)$37,800
• C)$81,300
• D)$65,300

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