Louise,Inc.has a cash balance of $24,000 on April 1.The company is now preparing the cash budget for the second quarter.Budgeted cash collections and payments are as follows:
There are no budgeted capital expenditures or financing transactions during the quarter.Based on the above data,calculate the projected cash balance at the end of May.
A) $25,000
B) $59,000
C) $55,000
D) $50,400
Correct Answer:
Verified
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