Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Doral Corp. has provided a part of its budget for the third quarter: JulyAugustSeptember Cash Collections$40,000 $45,000 $52,000 Cash Payments Purchases of Inventory 4,500 7,200 4,500 Operating Expenses 7,900 5,600 9,000 Capital expenditures 0 20,000 4,600 The cash balance on July 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. What is the cash balance at the end of September

Sagot :

Tundexi

Answer:

$39,600

Explanation:

Particulars                                          Amount

Opening cash balance     $12,000

Add: Cash collection        $40,000

Total cash available                           $52,000

Less: Cash payment

Purchase of inventory       $4,500

Operating expenses          $7,900

Capital expenditure            $0          $12,400

Cash balance at the end                   $39,600

ayokenny2001

The cash balance at the end of September is $39,600

First, we'll determine the total cash available

Total cash available  

= Opening cash balance   + Cash collection    

= 12,000 + 40,000

= 52,000

Cash balance at the end

The next step is to deduct the cash payments from the total cash available.

= Total cash available - (Purchase of inventory + Operating expenses + Capital expenditure)

= 52,000 - (4,500 + 7,900 - 0)

= 52,000 - 12,400

= 39,600    

The cash balance at the end of September is $39,600

Learn more at : https://brainly.com/question/5008598

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.