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Duffy Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections $40,000 $42,000 $43,000 Ca

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Answer #1

Ending cash balance in April = Opening balance + Cash collections - Purchase of direct material - Operating expenses - Capital expenditure

= $13,000 + $40,000 - $5,000 - $7,000 - $4,000

= $37,000

Option D

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