Jackson Corp. has provided a part of its budget for the 2nd quarter: Apr May Jun
ID: 2456867 • Letter: J
Question
Jackson Corp. has provided a part of its budget for the 2nd quarter:
Apr
May
June
Cash collections
$40,000
$45,000
$52,000
Cash payments:
Purchases of inventory
4,500
7,200
4,500
Operating expenses
7,900
5,600
9,000
Capital expenditures
0
20,000
4,600
The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the cash balance at the end of April.
A) $50,000
B) $40,200
C) $39,600
D) $51,800
Apr
May
June
Cash collections
$40,000
$45,000
$52,000
Cash payments:
Purchases of inventory
4,500
7,200
4,500
Operating expenses
7,900
5,600
9,000
Capital expenditures
0
20,000
4,600
Explanation / Answer
Jackson Corp. has provided a part of its budget for the 2nd quarter: Apr May Jun
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