Subsequently, the marketing department revised its figures for cash collections. New data are as follows: $53,000 in July, $55,000 in August, and $46,000 in September. Based on the new data, calculate the new projected cash balance at the end of August.
Gunda Corp. has prepared a preliminary cash budget for the third quarter as shown below:
A) $20,500
B) $18,500
C) $12,000
D) $17,800
A) $20,500
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