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

question 3

Multiple Choice

Diemans Corp.has provided a part of its budget for the second quarter: $$\begin{array} { | l | r | r | r | } \hline& \text { Apr } & \text { May } & \text { Jun } \\\hline \text { Cash collections } & \$ 40,000 & \$ 40,000 & \$ 52,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 4,500 & 5,000 & 7,000 \\\hline \text { Operating expenses } & 7,200 & 7,000 & 4,500 \\\hline \text { Capital expenditures } & 5,000 & 0 & 10,000 \\\hline \end{array}$$ 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 April.

• A)$95,800
• B)$54,000
• C)$37,300
• D)$65,300

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Definitions:

Product Innovation

The process of developing new products or significantly improving existing ones to meet consumer needs or open new markets.

Total Utility

The complete fulfillment attained through the consumption of a specific amount of a product or service.

Concentration In Industry

Industry concentration describes the extent to which a small number of firms occupy a large proportion of the market.

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