diemans corp. has provided a part of its budget for the 2nd quarter: apr may june cash collections $40,000 $45,000 $52,000 cash payments: purchases of inventory 4,500 7,200 4,500 operating expenses 7,900 5,600 9,000 capital expenditures 0 20,000 4,600 the cash balance on april 1 is $12,000. assume that there will be no financing transactions or costs during the quarter. calculate the cash balance at the end of april. a) $50,000 b) $40,200 c) $39,600 d) $51,800

The cash balance at the end of April is (c) 39600.

Cash balance at the end of april will be $39600.

Closing Balance at the end of april= Opening balance at the beginning of April + Cash collections during April - Cash payments in April.

Closing balance at the end of April= $12000 + $40000- $4500+ $7900
= $39600

Closing balance- The closing balance in accounting refers to the amount of funds available to a business at the end of a specified accounting period, and it is calculated by subtracting credits and debits as they appear in the general ledger.
The Closing Balance is the cash balance at the end of the month (last day of month). The following equation is used to calculate the Closing Balance: Closing Balance = Opening Balance plus Total Income minus Total Expenditure.

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