Fulkron Inc.provides the following data taken from its third quarter budget: The cash balance on June 30 is projected to be $10,000.
-Based on the above data,calculate the shortfall the company is projected to have at the end of September.

Question

Fulkron Inc.provides the following data taken from its third quarter budget:  The cash balance on June 30 is projected to be $10,000.
-Based on the above data,calculate the shortfall the company is projected to have at the end of September.

Quizplus · Accepted Answer

The company is projected to have a shortfall of $43,000 at the end of September. This is calculated by subtracting the projected expenses of $100,000 from the projected revenue of $57,000.