Zygot Biotech Company is budgeting for the 3rd quarter, and provide the following data: 
The cash balance at June 30 is projected to be $5,600. There are no financing transactions planned in the 3rd quarter. What is the projected cash balance at the end of August?
A) $21,000
B) $12,600
C) $18,000
D) $2,600
Correct Answer:
Verified
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