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Châtelain Company Is Preparing Its Budget for the Third Quarter

Question 82

Multiple Choice

Châtelain Company is preparing its budget for the third quarter.Cash balance on July 31 was $30,000.Assume there is no minimum balance of cash required and no borrowing is undertaken.Additional budgeted data is provided here: Châtelain Company is preparing its budget for the third quarter.Cash balance on July 31 was $30,000.Assume there is no minimum balance of cash required and no borrowing is undertaken.Additional budgeted data is provided here: Calculate the balance of cash at the end of August. A) $19,100 B) $28,800 C) $29,050 D) $32,000 Calculate the balance of cash at the end of August.


A) $19,100
B) $28,800
C) $29,050
D) $32,000

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