Chaterlain Company Is Preparing Its Budget for the Third Quarter

question 92

Multiple Choice

Chaterlain Company is preparing its budget for the third quarter.The cash balance on 30 June was $34,000.Additional budgeted data is provided here:
$$\begin{array} { | l | l | l | l | } \hline & \text { Jul } & { \text { Aug } } & \text { Sep } \\\hline \text { Cash collections } & \$ 51,000 & \$ 56,000 & \$ 53,000 \\\hline \text { Cash payments } & & & \\\hline \text { Purchases of inventory } & 22,000 & 23,000 & 21,000 \\\hline \text { Operating expenses } & 32,000 & 26,000 & 34,000 \\\hline \text { Capital expenditures } & 10,000 & 5000 & 5000 \\\hline\end{array}$$
What amount should be shown in the cash budget for the cash balance at the end of July?

• A) $21,000
• B) $85,000
• C) $30,000
• D) $13,000

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