Fulkerson Manufacturing provides the following data excerpted from its 3rd quarter budget:

The cash balance on June 30 is projected to be $10,000. Based on the above data, calculate the shortfall the company is projected to have at the end of September.

Transcribed Image Text:

Jul Aug Sep $66,000 $42,000 $45,000 Cash collections Cash payments: Purchases of inventory 50,000 Operating expenses 10,000 Capital expenditures 0 48,000 25,000 15,000 20,000 32,000 6,000 Jul Aug Sep $66,000 $42,000 $45,000 Cash collections Cash payments: Purchases of inventory 50,000 Operating expenses 10,000 Capital expenditures 0 48,000 25,000 15,000 20,000 32,000 6,000

Answer rating: 100% (QA)

Explanation July Aug Sep Beginning cash balance 10000 16000 ... View the full answer