ABC Corp. has prepared a preliminary cash budget for the 3rd quarter as shown below: Subsequently, the
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Question:
ABC Corp. has prepared a preliminary cash budget for the 3rd quarter as shown below:
Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $52,000 in July, $50,000 in August, and $42,000 in September. Based on the new data, calculate the new projected cash balance at the end of September.
A) $8,500
B) $2,400
C) $7,000
D) $900
Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
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