Carol's Chocolate Company Has Prepared Its Third Quarter Budget and Provided

question 126

Multiple Choice

Carol's Chocolate Company has prepared its third quarter budget and provided the following data: $$\begin{array} { | l | r | r | r | } \hline &{ \text { Jul } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Cash collections } & \$ 49,000 & \$ 39,500 & \$ 47,200 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 30,000 & 21,900 & 18,000 \\\hline \text { Operating expenses } & 12,400 & 8400 & 11,400 \\\hline \text { Capital expenditures } & 13,400 & 24,200 & 0 \\\hline\end{array}$$ The cash balance on June 30 is projected to be $4000.The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls.It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%.All financing transactions are assumed to take place at the end of the month.The loan balance should be repaid in increments of $5,000 whenever there is surplus cash.Calculate the ending projected cash balance before financing for August.

• A) $7167
• B) $5,000
• C) $46,700
• D) $(7833)

Explain the influence of minority opinions on group decisions and the conditions under which this occurs.

Describe common compliance techniques and their psychological bases.

Examine the relationship between attitudes and behaviors and the factors that can influence this relationship.

Understand how norms, roles, and social influences shape individual behavior and cognitive processes.

---

Definitions:

Minimum Height Requirement

A specified height minimum that individuals must meet to qualify for certain positions or roles, often used in occupations requiring physical ability.

Quid Pro Quo Harassment

A form of sexual harassment where job benefits are contingent upon sexual favors, or where employment decisions are based on an employee's submission to or rejection of sexual advances.

Job Hazard Analysis Technique

A method used to identify risks in the workplace and develop strategies to minimize the likelihood of accidents or injuries.