Homework Answers
Answer
- Correct Answer – Option ‘A’ $ 34,100
- Cash balance at the end = Beginning balance + Cash collected –
Cash paid
= 20000 + 24000 – (4600 + 5300)
= 20000 + 24000 – 9900
= $ 34,100
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question 12 solve below Hutchinson, Inc. provides the following data taken from its third quarter budget:...
question 12
solve below
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question 36 Hutchinson, Inc. provides the following data taken from its third quarter budget: Jul Aug...
question 36
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question 12
solve below
Hutchinson, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $66,000 $38,000 $45,000 Cash payments: Purchases of direct materials 37,000 31,000 50,000 Operating expenses 10,000 19,000 20,000 Capital expenditures o 35,000 6,000 The cash balance on June 30 is projected to be $15,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August. O A. $35,000 B. $34,000 C. $13,000...
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question 36
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