Gunda 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: $54,000 in July,$55,000 in August,and $46,000 in September.Based on the new data,calculate the new projected cash balance at the end of August.

Question

Gunda 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: $54,000 in July,$55,000 in August,and $46,000 in September.Based on the new data,calculate the new projected cash balance at the end of August.

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