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Diemans Corp

Question 53

Multiple Choice

Diemans Corp. has provided a part of its budget for the 2nd quarter: Diemans Corp. has provided a part of its budget for the 2<sup>nd</sup> 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 May. A) $51,800 B) $40,800 C) $33,900 D) $21,800 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 May.


A) $51,800
B) $40,800
C) $33,900
D) $21,800

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