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California Products Company Has the Following Data as Part of Its

Question 76

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California Products Company has the following data as part of its budget for the 2nd quarter: California Products Company has the following data as part of its budget for the 2<sup>nd</sup> quarter: The cash balance at April 1 is forecast to be $8,200. Assume that there will be no financing transactions or costs during the quarter. Based on the above information only, what will the cash balance be at May 31? A) $26,500 B) $40,800 C) $33,900 D) $21,800 The cash balance at April 1 is forecast to be $8,200. Assume that there will be no financing transactions or costs during the quarter. Based on the above information only, what will the cash balance be at May 31?


A) $26,500
B) $40,800
C) $33,900
D) $21,800

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