If the Opening Balance of Cash for One Month Is

question 2

Multiple Choice

If the opening balance of cash for one month is $20,000, cash receipts are estimated to be $389,000 and cash payments are estimated as $300,000 the opening cash balance at the beginning of the next month is:

• A) $69,000
• B) $109,000
• C) $89,000
• D) cannot be calculated

---

Definitions:

Generative Psychology

A branch of psychology that focuses on understanding how individuals create meaning, develop psychologically across the lifespan, and engage in creative processes.

Indigenous Psychology

A branch of psychology that develops theories, concepts, and methods grounded in the unique sociocultural context of a specific culture or ethnic group.

Indigenous Psychology

A branch of psychology that develops theories, research methods, and applications rooted in the cultural context of the population being studied.

Western Psychological Theories

Psychological concepts, models, and theories that have been developed and are primarily based in Western culture.