May
Business, 21.04.2021 23:50 ashiteru123
Lyon Corp. has provided a part of its budget for the second quarter:
Apr
May
Jun
Cash collections
$43,000
$42,000
$42,000
Cash payments:
Purchases of direct materials
5,000
4,500
4,500
Operating expenses
5,600
5,600
7,200
Capital expenditures
5,000
20,000
4,000
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 June.
A.
$95,300
B.
$79,600
C.
$41,400
D.
$53,300
Answers: 1
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Lyon Corp. has provided a part of its budget for the second quarter:
Apr
May
May
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