Hutchinson, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $68,000 $34,000 $42,000 Cash payments: Purchases of direct materials 31,000 32,000 25,000 Operating expenses 11,000 19,000 20,000 Capital expenditures 0 34,000 7000 The cash balance on June 30 is projected to be $12,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August.Group of answer choices $34,000 $23,000 $38,000 $13,000

Hutchinson, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $68,000 $34,000 $42,000 Cash payments: Purchases of direct materials 31,000 32,000 25,000...

Hutchinson, Inc. provides the following data taken from its third quarter budget:

	Jul	Aug	Sep
Cash collections	$68,000	$34,000	$42,000
Cash payments:
Purchases of direct materials	31,000	32,000	25,000
Operating expenses	11,000	19,000	20,000
Capital expenditures	0	34,000	7000

The cash balance on June 30 is projected to be $12,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August.

Group of answer choices

$34,000

$23,000

$38,000

$13,000

Jun 11, 2022

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Hutchinson, Inc. provides the following data taken from its third quarter budget: Jul Aug Sep Cash collections $68,000 $34,000 $42,000 Cash payments: Purchases of direct materials 31,000 32,000 25,000...

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