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Business, 21.04.2021 23:40 lcyaire

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

Aug

Sep
Cash collections

$ 68 comma 000
$ 35 comma 000
$ 40 comma 000
Cash​ payments:

Purchases of direct materials

31 comma 000
32 comma 000
50 comma 000
Operating expenses

9 comma 000
17 comma 000
22 comma 000
Capital expenditures

0
35 comma 000
6 comma 000
The cash balance on June 30 is projected to be $ 15 comma 000
.
Based on the above​ data, calculate the shortfall the company is projected to have at the end of August.
A. 43000
B 44000
C 35000
D 6000

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Answers: 2

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

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