Solved: The cash balance at april 1 is forecast to be 9478 assume, Accounting Basics

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The cash balance at april 1 is forecast to be 9478 assume

Products Company has the following data as part of its budget for the 2^nd quarter:


Cash collections	April $30,000	May $32,000	June $36,000
Cash payments:
Purchases of inventory	4,500	4,600	3,800
Operating expenses	10653	7,600	8,000
Capital expenditures	0	24,500	5,200

The cash balance at April 1 is forecast to be $9478. Assume that there will be no financing transactions or costs during the quarter. Based on the above information only, what will the cash balance be at April 30?

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Accounting Basics: The cash balance at april 1 is forecast to be 9478 assume

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