Gamma Corp.has prepared a preliminary cash budget for the third 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,calculate the new projected cash balance at the end of September.

Question

Gamma Corp.has prepared a preliminary cash budget for the third 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,calculate the new projected cash balance at the end of September.

Quizplus · Accepted Answer

The Answer of Gamma Corp.has prepared a preliminary cash budget for the third 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,calculate the new projected cash balance at the end of September.