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Discuss financing transactions or costs during the quarter

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Reference no: EM131784130

Products Company has the following data as part of its budget for the 2nd quarter:
   
Cash collections April $30,000  May $32,000  June $36,000 
Cash payments:
  Purchases of inventory 4,500  4,600  3,800 
  Operating expenses 10653 
 7,600  8,000 
  Capital expenditures 0  24,500  5,200 


The cash balance at April 1 is forecast to be $9478. Assume that there will be no financing transactions or costs during the quarter. Based on the above information only, what will the cash balance be at April 30? 

Reference no: EM131784130

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