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

4 answers

###### 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.

## Answers

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

[tex]capital * (1+0.045)^{28} = 48,613.24[/tex]

now clearing the formula to solve for capital we got:

[tex]capital = \frac{48,613.24}{(1+0.045)^{28}}[/tex]

and we reach the answer investment = $14,174.20

The correct answer is step.

answer loneliness;

Answergrowth stock;

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