Fulkron,Inc The Cash Balance on June 30 Is Projected to Be

question 29

Multiple Choice

Fulkron,Inc.provides the following data taken from its third quarter budget: $$\begin{array} { | l | r | r | r | } \hline & { \text { Jul } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Cash collections } & \$ 66,000 & \$ 45,000 & \$ 41,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 32,000 & 35,000 & 30,000 \\\hline \text { Operating expenses } & 11,000 & 17,000 & 20,000 \\\hline \text { Capital expenditures } & 0 & 35,000 & 8,000 \\\hline\end{array}$$ The cash balance on June 30 is projected to be $14,000.Based on the above data,calculate the shortfall the company is projected to have at the end of August.

• A) $35,000
• B) $22,000
• C) $5,000
• D) $37,000

---

Definitions:

Compound

A chemical compound is a substance composed of two or more different elements that are chemically bonded together in a fixed ratio, distinguished by its chemical composition and properties.

Thiol Proton

The hydrogen atom attached to the sulfur atom in a thiol group, characterized by its ability to be acidic and participate in hydrogen bonding.

Acidity

A measure of the concentration of hydrogen ions in a solution, often associated with the degree to which a substance is able to donate a proton.

Phenol

An aromatic compound consisting of a benzene ring bonded to a hydroxyl group (-OH).