Test: Final Exam This Question: 1 pt 4B of 50 (20 complete) Roberts Supply, Inc.

Question

Test: Final Exam This Question: 1 pt 4B of 50 (20 complete) Roberts Supply, Inc. provides the following data taken from its third quarter budget Aug Sep S82,000 $66,000 $60,000 Cash colections Cash payments Purchases of direct materials Operating expenses Capital expenditures 49,000 28,000 48,000 8,000 17,000 22,000 0 36,000 6,000 The cash balance on June 30 is projected to be $11,000. Based on the above data, calculate the cash balance the company is projectod to have at the end of September A. $5,000 O B. $21,000 O C. $81,000 OD, $76,000 Click to select your answer

Explanation / Answer

As we can find from the above calculations, cash balance at the end of September is $5,000

So, option A is the correct option

Calculations Particulars Jul Aug Sep A = Previous month G Opening balance    11,000    36,000    21,000 B Cash collections    82,000    66,000    60,000 Cash Payments C Purchases of direct materials    49,000    28,000    48,000 D Operating expenses      8,000    17,000    22,000 E Capital expenditures             -      36,000      6,000 F = C+D+E Total payments    57,000    81,000    76,000 G = A+B-F Closing cash    36,000    21,000      5,000

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.