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Business, 21.04.2020 17:46 blacklifewed

Diemans Corp. has provided a part of its budget for the 2nd quarter: Apr May Jun Cash collections $ 40 comma 000 $ 42 comma 000 $ 42 comma 000 Cash payments Purchases of inventory 4 comma 500 7 comma 000 7 comma 200 Operating expenses 7 comma 200 9 comma 000 6 comma 000 Capital expenditures 4 comma 600 20 comma 000 0 The cash balance on April 1 is $ 14 comma 000. Assume that there will be no financing transactions or costs during the quarter. Calculate the cash balance at the end of April.

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Diemans Corp. has provided a part of its budget for the 2nd quarter: Apr May Jun Cash collections $...
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