Diamonde Products Inc. would like to prepare a summary cash budget for the second quarter of 2013. The following information regarding operating activities from the cash receipts and cash disbursements budgets are available: The following information is also available:
What is the cash balance at the end of June expected to be?
A) $1,000
B) $7,000
C) $9,000
D) $5,000

Question

Diamonde Products Inc. would like to prepare a summary cash budget for the second quarter of 2013. The following information regarding operating activities from the cash receipts and cash disbursements budgets are available:  The following information is also available:
 What is the cash balance at the end of June expected to be?
A) $1,000 
B) $7,000 
C) $9,000 
D) $5,000

Quizplus · Accepted Answer

The Answer of Diamonde Products Inc. would like to prepare a summary cash budget for the second quarter of 2013. The following information regarding operating activities from the cash receipts and cash disbursements budgets are available:  The following information is also available:
 What is the cash balance at the end of June expected to be?
A) $1,000 
B) $7,000 
C) $9,000 
D) $5,000