Lyon CorpHas Provided a Part of Its Budget for the Second

question 50

Multiple Choice

Lyon Corp.has provided a part of its budget for the second quarter: The cash balance on April 1 is $12,000.Assume that there will be no financing transactions or costs during the quarter.Calculate the projected cash balance at the end of June.

• A) $115,300
• B) $37,800
• C) $81,300
• D) $65,300

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Definitions:

Fracking

A method of oil and gas extraction that involves injecting liquid at high pressure into subterranean rocks, boreholes, etc., to force open existing fissures and extract oil or gas.

U.S. Oil Supply

The total quantity of oil available for use or consumption in the United States, coming from domestic production and imports.

Sustainable Forests

Sustainable forests are managed with the aim of maintaining their biodiversity, productivity, and regeneration capacity for future generations without causing damage to other ecosystems.

Deforestation

The removal of a forest or stand of trees where the land is thereafter converted to a non-forest use.