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Calculate the projected cash balance at the end of june

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Question - Eudora, Inc. has a cash balance of $22,000 on April 1. The company is now preparing the cash budget for the second quarter. Budgeted cash collections and payments are as? follows:

 

Apr

May

Jun

Cash collections

$20,000

$24,000

$20,000

Cash? payments:


Purchases of direct materials

5,000

5,800

4,000

Operating expenses

3,500

4,600

5,300

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 June.

Reference no: EM133160338

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