The cash balance on April 1 is 14,000 assume there will be no financial transact

Question

The cash balance on April 1 is 14,000 assume there will be no financial transactions or cost during the quarter calculate the projection cash balance at the end of April The cash balance on April 1 is 14,000 assume there will be no financial transactions or cost during the quarter calculate the projection cash balance at the end of April Diemans Corp. has provided a part of its budget for the second quarter:0 The cash balance on April 1 is $14,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of April. May Jun Cash collections Cash payments Purchases of direct materials Operating expenses Capital expenditures $40,000$43,000 4.500 4.600 7.00 6.00 20.00 7.000 9.000 4.000 Minimized View A. S67.900 20:19 PM

Explanation / Answer

Projected cash balance at the end of April = Beginning cash balance in April + Cash collections in April - Purchase of direct materials in April - Operating expenses in April - Capital expenditures in April

= 14,000 + 40,000 - 7,000 - 6,000 - 20,000

= 21,000.

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