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valentinak56 [21]
3 years ago
13

Roberts Supply, Inc. provides the following data taken from its third quarter budget: Sep $83,000 $67,000 $59,000 Jul Aug ter Ca

sh collections Cash payments Purchases of direct materials 48,000 29,000 48,000 12,000 19,000 22,000 7,000 YO Operating expenses tal Capital expenditures do The cash balance on June 30 is projected to be $10,000 Based on the above data, calculate the ca 33,000 September Su OA. $19,000 O B. S77,000 OD. $78,000 0 33,000 7000
Business
1 answer:
Bumek [7]3 years ago
5 0

Answer:

The answer is 1000 dollars.

Explanation:

In this question we are asked to calculate the cash closing balance as at 30 september. The opening cash balance that is 10000 dollars is given and, data related to the receipt and payments made in the quarter ended at september is also provide in the question.

We can easily calculate the cash balance as at 30 september with the help of accounting equation given below.

Closing Balance = Opening balance + Cash collections- Cash payments

                            = 10,000+ 209,000- 218,000*

                            = 1000$

* It include sum of all capital expenditures, operating expenses and purchases of direct material.

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