Clyde,Inc.has a cash balance of $20,000 on April 1.The company is now preparing the cash budget for the second quarter.Budgeted cash collections and payments are as follows: $\begin{array}{|l|r|r|r|}
\hline&{\text { Apr }} &{\text { May }} &{\text { Jun }} \
\hline \text { Cash collections } & \$ 24,000 & \$ 24,000 & \$ 24,000 \
\hline \text { Cash payments: } & & & \
\hline \text { Purchases of direct materials } & 6000 & 5800 & 5000 \
\hline \text { Operating expenses } & 3500 & 5000 & 4600 \
\hline
\end{array}$ 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 April.

Question

Clyde,Inc.has a cash balance of $20,000 on April 1.The company is now preparing the cash budget for the second quarter.Budgeted cash collections and payments are as follows: $\begin{array}{|l|r|r|r|} 
\hline&{\text { Apr }} &{\text { May }} &{\text { Jun }} \
\hline \text { Cash collections } & \$ 24,000 & \$ 24,000 & \$ 24,000 \
\hline \text { Cash payments: } & & & \
\hline \text { Purchases of direct materials } & 6000 & 5800 & 5000 \
\hline \text { Operating expenses } & 3500 & 5000 & 4600 \
\hline
\end{array}$ 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 April.

Quizplus · Accepted Answer

The Answer of Clyde,Inc.has a cash balance of $20,000 on April 1.The company is now preparing the cash budget for the second quarter.Budgeted cash collections and payments are as follows: $\begin{array}{|l|r|r|r|} 
\hline&{\text { Apr }} &{\text { May }} &{\text { Jun }} \
\hline \text { Cash collections } & \$ 24,000 & \$ 24,000 & \$ 24,000 \
\hline \text { Cash payments: } & & & \
\hline \text { Purchases of direct materials } & 6000 & 5800 & 5000 \
\hline \text { Operating expenses } & 3500 & 5000 & 4600 \
\hline
\end{array}$ 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 April.

Clyde,IncHas a Cash Balance of $20,000 on April 1 There Are No Budgeted Capital Expenditures or Financing Transactions During