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Gamma Corp

Question 78

Multiple Choice

Gamma Corp. has prepared a preliminary cash budget for the 3rd quarter as shown below: Gamma Corp. has prepared a preliminary cash budget for the 3<sup>rd</sup> 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 August. A) $8,500 B) $2,400 C) $7,000 D) $900 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 August.


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

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