hutchinson, inc. provides the following data taken from its third quarter budget: jul aug sep cash collections $67,000 $43,000 $45,000 cash payments: purchases of direct materials 34,000 31 comma 00031,000 35 comma 00035,000 operating expenses 11,000 20,000 22,000 capital expenditures 35,000 6,000 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.

$ -13,000

Explanation:

Cash shortfall of the company at the end of August (CS) can be calculated as below:

Cash shortfall = Cash balance at the end of June + (Cash inflows in July - Cash outflows in July) + (Cash inflows in August - Cash outflows in August)

                        = 14,000 + (67,000 - 34,000 - 11,000 - 35,000) + (43,000 - 31,000 - 20,000 - 6,000)

                        = -13,000

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hope i explained myself