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Pentangle Company Has Prepared a Preliminary Cash Budget for the 3rd

Question 108

Multiple Choice

Pentangle Company has prepared a preliminary cash budget for the 3rd quarter as shown below: Pentangle Company has prepared a preliminary cash budget for the 3<sup>rd</sup> quarter as shown below:   Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $52,000 in July, $50,000 in August, and $42,000 in September. Based on the new data, what is the new projected cash balance at the end of September? A) $8,500 B) $2,400 C) $7,000 D) $900 Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $52,000 in July, $50,000 in August, and $42,000 in September. Based on the new data, what is the new projected cash balance at the end of September?


A) $8,500
B) $2,400
C) $7,000
D) $900

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