Fulkron,Inc The Cash Balance on June 30 Is Projected to Be

Multiple Choice

Fulkron,Inc.provides the following data taken from its third quarter budget: $$\begin{array} { | l | r | r | r | } \hline & { \text { Jul } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Cash collections } & \$ 66,000 & \$ 45,000 & \$ 41,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 32,000 & 35,000 & 30,000 \\\hline \text { Operating expenses } & 11,000 & 17,000 & 20,000 \\\hline \text { Capital expenditures } & 0 & 35,000 & 8,000 \\\hline\end{array}$$ The cash balance on June 30 is projected to be $14,000.Based on the above data,calculate the shortfall the company is projected to have at the end of August.

A) $35,000
B) $22,000
C) $5,000
D) $37,000