Alfredo Pasta Shop is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: Total cash receipts Total cash disbursements Depreciation expense 82,000 109,000 202,000 322,000 92,000 312,000 1st Quarter 75,000 $160,000 $100,000 5,000 2nd Quarter $240,000 The Alfredo Pasta Shop's beginning cash balance for the upcoming fiscal year is $22,000. How much cash will Alfredo Pasta Shop have left at the end of the 3rd Quarter? $120,000 6,000 3rd Quarter $110,000 $220,000 6,000 4th Quarter $180,000 $150,000 6,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Alfredo Pasta Shop is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its
budgeted cash flows:
Total cash receipts
Total cash disbursements.
Depreciation expense
82,000
109,000
O 202,000
322,000
92,000
312,000
1st Quarter
75,000
$160,000
$100,000
5,000
2nd Quarter
$240,000
The Alfredo Pasta Shop's beginning cash balance for the upcoming fiscal year is $22,000.
How much cash will Alfredo Pasta Shop have left at the end of the 3rd Quarter?
$120,000
6,000
3rd Quarter
$110,000
$220,000
6,000
4th Quarter
$180,000
$150,000
6,000
Transcribed Image Text:Alfredo Pasta Shop is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: Total cash receipts Total cash disbursements. Depreciation expense 82,000 109,000 O 202,000 322,000 92,000 312,000 1st Quarter 75,000 $160,000 $100,000 5,000 2nd Quarter $240,000 The Alfredo Pasta Shop's beginning cash balance for the upcoming fiscal year is $22,000. How much cash will Alfredo Pasta Shop have left at the end of the 3rd Quarter? $120,000 6,000 3rd Quarter $110,000 $220,000 6,000 4th Quarter $180,000 $150,000 6,000
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