Business, 21.04.2021 23:50, ashiteru123

Lyon Corp. has provided a part of its budget for the second quarter: Apr

May

Jun
Cash collections

$43,000

$42,000

$42,000
Cash payments:

Purchases of direct materials

5,000

4,500

4,500
Operating expenses

5,600

5,600

7,200
Capital expenditures

5,000

20,000

4,000
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 June.
A.
$95,300
B.
$79,600
C.
$41,400
D.
$53,300

Answers: 1

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Lyon Corp. has provided a part of its budget for the second quarter: Apr

May