45.IOP Limited expects the following cash collections and payments: July August September Cash collections ($) 389,000 379,000
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Question:
45.IOP Limited expects the following cash collections and payments:
July | August | September | |
Cash collections ($) | 389,000 | 379,000 | 335,000 |
Cash payments ($) | 357,000 | 554,000 | 320,000 |
The expected cash balance at the beginning of July is $225,000. Calculate the expected cash balance at the beginning of September.
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