Gamma Corp

Gamma Corp. has prepared a preliminary cash budget for the 3^rd quarter as shown below: Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $52,000 in July, $50,000 in August, and $42,000 in September. Based on the new data, calculate the new projected cash balance at the end of July.

A) $8,500
B) $2,400
C) $7,000
D) $900

Correct Answer:

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