Homework Answers
Solution :
The Answer is (c) $ 13,000
Working :
| Jul | Aug | Sep | |
| (a) Opening Cash Balance | $ 15,000 | $ 34,000 | ($ 13,000) |
| (b) Collection | $ 66,000 | $ 38,000 | $ 45,000 |
| (c) Total Available Cash (a + b) | $ 81,000 | $ 72,000 | $ 32,000 |
| (d) Purchases of Direct Material | $ 37,000 | $ 31,000 | $ 50,000 |
| (e) Operating Expenses | $ 10,000 | $ 19,000 | $ 20,000 |
| (f) Capital Expenses | $ 0 | $ 35,000 | $ 6,000 |
| (d) Closing Balance / (Shortfall) (c - d - e - f) | $ 34,000 | ($ 13,000) | ($ 44,000) |
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question 36
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question 36
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