Diemans Ltd Has Provided a Part of Its Budget for the Second

question 161

Multiple Choice

Diemans Ltd has provided a part of its budget for the second quarter:
$$\begin{array} { | l | l | l | l | } \hline & { \text { Apr } } & { \text { May } } &{ \text { June } } \\\hline \text { Cash collections } & \$ 42,000 & \$ 45,000 & \$ 43,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 7200 & 5000 & 5000 \\\hline \text { Operating expenses } & 7000 & 6400 & 5200 \\\hline \text { Capital expenditures } & 4600 & 0 & 4600 \\\hline\end{array}$$
The cash balance on 1 April is $14,000.Assume that there will be no financing transactions or costs during the quarter.Calculate the cash balance at the end of June.

• A) $70,800
• B) $113,800
• C) $37,200
• D) $99,000

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