# 8. Diemans Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections

###### Question:

8. Diemans Corp. has provided a part of its budget for the second quarter: Apr May Jun Cash collections $40,000$40,000 $52,000 Cash payments: Purchases of direct materials 4,500 5,000 7,000 Operating expenses 7,200 7,000 4,500 Capital expenditures 5,000 0 10,000 The cash balance on April 1 is$14,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of May.

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