Tadeo Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections $ 43 comma 000 $ 43 comma 000 $ 40 comma 000 Cash payments: Purchases of direct materials 6 comma 000 7 comma 200 6 comma 000 Operating expenses 7 comma 200 7 comma 000 7 comma 200 Capital expenditures 4 comma 600 4 comma 000 10 comma 000 The cash balance on April 1 is $ 12 comma 000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May. A. $ 18 comma 200 B. $ 55 comma 000 C. $ 62 comma 000 D. $ 80 comma 200 g

C. $ 62 comma 000

Explanation:

The movement in cash balance between the start and end of a period is the difference between the cash received and paid over the period. As such, this may be expressed mathematically as

Opening balance + Cash received - Cash paid = Closing balance

For the month of May, the opening cash balance is same as the closing balance for the end of April.

Hence projected cash balance for the end of April

= $12,000 + $43,000 - $6,000 - $7,200 - $4,600

= $37,200

For May

= $37,200 + $43,000 - $7,200 - $7,000 - $4,000

= $62,000

the answer would be voluntary exchange -

"the act of buyers and sellers freely and willingly engaging in market transactions. moreover, transactions are made in such a way that both the buyer and the seller are better off after the exchange than before it occurred."

hope this : )

-shy