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

question 6

Multiple Choice

Duffy Corp.has provided a part of its budget for the second quarter: $$\begin{array} { | l | r | r | r | } \hline & { \text { Apr } } &{ \text { May } } &{ \text { Jun } } \\\hline \text { Cash collections } & \$ 40,000 & \$ 40,000 & \$ 52,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 4500 & 5000 & 7000 \\\hline \text { Operating expenses } & 7200 & 7000 & 4500 \\\hline \text { Capital expenditures } & 5000 & 0 & 10,000 \\\hline\end{array}$$ 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:

pH

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 to 14, where 7 is neutral, lower values are acidic, and higher values are basic.

Glutamine

An amino acid that is used in the biosynthesis of proteins, playing a key role in nitrogen metabolism.

Aqueous Solution

A solution where water acts as the solvent.

pH

A measure of the acidity or alkalinity of a solution, on a scale of 0 to 14, where 7 is neutral, values less than 7 are acidic, and values greater than 7 are basic.