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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

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Answers: 1

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