Question: Competency 5. Learning Objective 2) Louise, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget for

Competency 5. Learning Objective 2) Louise, Inc. has a cash balance of $20,000 on April 1. The company is now preparing the cash budget for the second quarter Budgeted cash collections and payments are as follows: Apt $22.000 May $22.000 fun $24,000 Cath collections Cash payments Purchases of direct me Operating expenses 4.600 6,000 5.000 4,600 6,800 6,000 There are no budgeted capital expendtures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of May $43,800 $48.400 553.400 $22,000

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