Use the Information Below to Answer the Following Questions

question 33

Multiple Choice

Use the information below to answer the following questions.
Jackson Bottle Yard, a recycling glass company, has supplied the following information in relation to their actual sales in 2015 and planned sales for the first quarter of 2016. Past records indicate that expected receipts collected from debtors will be: 60 per cent in the month of sale
40 per cent in the month following the sale
-If the opening cash balance at the beginning of the month is $27,500, total cash inflows for the month are $38,000 and total cash outflows are $78,000k the opening cash balance at the beginning of the next month is:

• A) $12,500 (deficit)
• B) cannot be calculated
• C) $67,500 (surplus)
• D) $12,500 (surplus)

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Definitions:

U.S. Army

The land warfare service branch of the United States Armed Forces, responsible for land-based military operations.

Instrumental Values

Values or ethical standards that are viewed as a means to an end, guiding how we achieve our goals.

Enabling Values

Refers to values that empower individuals or organizations to achieve goals or enhance performance.

Personal Courage

The ability of an individual to face fear, danger, or adversity with strength and resolve.