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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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