Janeway,Inc.has a cash balance of $22,000 on April 1.The company is now preparing the cash budget for the second quarter.Budgeted cash collections and payments are as follows:
There are no budgeted capital expenditures or financing transactions during the quarter.Based on the above data,calculate the projected cash balance at the end of June.
A) $39,400
B) $48,000
C) $55,100
D) $66,900
Correct Answer:
Verified
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