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Chaterlain Company Is Preparing Its Budget for the 3rd Quarter

Question 42

Multiple Choice

Chaterlain Company is preparing its budget for the 3rd quarter. Cash balance on July 31 was $30,000. Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional budgeted data is provided here: Chaterlain Company is preparing its budget for the 3<sup>rd</sup> quarter. Cash balance on July 31 was $30,000. Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional budgeted data is provided here: Calculate the balance of cash at the end of August. A) $19,100 B) $28,800 C) $29,050 D) $32,000 Calculate the balance of cash at the end of August.


A) $19,100
B) $28,800
C) $29,050
D) $32,000

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