There are no budgeted capital expenditures or financing transactions during the quarter. Based on the above data, calculate the projected cash balance at the end of June.
Eudora, Inc. has a cash balance of $24,000 on April 1. The company is now preparing the cash
budget for the second quarter. Budgeted cash collections and payments are as follows:
A) $37,700
B) $48,000
C) $50,700
D) $62,700
D) $62,700
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