Lyon CorpHas Provided a Part of Its Budget for the Second

Multiple Choice

Lyon Corp.has provided a part of its budget for the second quarter: $$\begin{array} { | l | r | r | r | } \hline &{ \text { Apr } } &{ \text { May } } & { \text { Jun } } \\\hline \text { Cash collections } & \$ 43,000 & \$ 45,000 & \$ 50,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 7200 & 5000 & 7000 \\\hline \text { Operating expenses } & 6000 & 7900 & 7000 \\\hline \text { Capital expenditures } & 4000 & 4600 & 20,000 \\\hline\end{array}$$ The cash balance on April 1 is $12,000.Assume that there will be no financing transactions or costs during the quarter.Calculate the projected cash balance at the end of June.

A) $115,300
B) $37,800
C) $81,300
D) $65,300