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

question 16

Multiple Choice

Tortilla Corp.has provided a part of its budget for the second quarter: $$\begin{array} { | l | r | r | r | } \hline & \text { Apr } & \text { May } & \text { Jun } \\\hline \text { Cash collections } & \$ 40,000 & \$ 40,000 & \$ 42,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 7,200 & 7,000 & 4,500 \\\hline \text { Operating expenses } & 7,000 & 7,000 & \\\hline \text { Capital expenditures } & 10,000 & 4,000 & 20,000 \\\hline\end{array}$$ 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) $51,800
• B) $69,800
• C) $54,000
• D) $18,000

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Definitions:

Adrenal Cortex

The outer layer of the adrenal glands, producing vital hormones including cortisol and aldosterone.

Thyroid Gland

A butterfly-shaped gland located in the front part of the neck, responsible for producing hormones that regulate metabolism and energy generation.

Anterior Pituitary Gland

The front portion of the pituitary gland, which produces and releases hormones that regulate diverse body functions, including growth and reproduction.

Pars Nervosa

The posterior part of the pituitary gland, which releases hormones stored in axon terminals from the hypothalamus.