None Hutchinson, Inc. provides the following data taken from its third quarter budget:JulyCash collections$67,000August$39,000September$43,000Cash payments:Purchases of direct materialsOperating expenses37,00010,00032,00025,00016,00024,000Capital expenditures034,0008,000The cash balance on June 30 is projected to be $15,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August.OA. $35,000OB. $8,000OC. $22,000OD. $34,000

Cash Budget :- A cash budget is an estimate of an organization's cash flow for the future period. A…

July August September Cash collections $67,000 $39,000 $43,000 Cash payments: Purchases of direct materials 37,000 32,000 25,000 Operating expenses 10,000 16,000 24,000 Capital expenditures 0 34,000 8,000 The cash balance on June 30 is projected to be $15,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August OA. $35,000 OB. $8,000

July August September Cash collections $67,000 $39,000 $43,000 Cash payments: Purchases of direct materials 37,000 32,000 25,000 Operating expenses 10,000 16,000 24,000 Capital expenditures 0 34,000 8,000 The cash balance on June 30 is projected to be $15,000. Based on the above data, calculate the shortfall the company is projected to have at the end of August OA. $35,000 OB. $8,000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 6E: Roman Inc. has the following totals from its operating budgets: Prepare a budgeted income statement...

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