Berkeley Products has a cash balance of $20,000 at April 1, 2011. They are 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, what is the projected cash balance at the end of May?

Question

Berkeley Products has a cash balance of $20,000 at April 1, 2011. They are 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, what is the projected cash balance at the end of May?

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The Answer of Berkeley Products has a cash balance of $20,000 at April 1, 2011. They are 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, what is the projected cash balance at the end of May?

Berkeley Products Has a Cash Balance of $20,000 at April