Response:
$54,600
Details:
Cash Budget for Q3
July Aug Sep
Income:
Cash Inflows $25,000 $22,000 $20,000
Aggregate Income $25,000 $22,000 $20,000
Outflows:
Inventory Acquisitions $5,800 $7,000 $6,200
Operating Costs $3,500 $4,600 $5,300
Total Outflows $9,300 $11,600 $11,500
Net Income $15,700 $10,400 $8,500
Carryover Balance $20,000 $35,700 $46,100
Ending Balance $35,700 $46,100 $54,600
Thus,
The expected cash balance at the conclusion of September amounts to $54,600
