Diemans Corp. has provided a part of its budget for the 2^nd quarter: The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the cash balance at the end of April.

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The given budget code cannot be deciphered in order to calculate expenditures for the quarter, so we must assume that there will be no expenditures during the quarter. Therefore, the cash balance at the end of April would be the same as the cash balance on April 1, which is $12,000. Choice C is the only option that matches this amount.