Finch Company Began Its Operations on March 31 of the Current

question 106

Multiple Choice

Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: *Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the
following month.**Insurance expense is $1,000 a month; however, the insurance is paid four times yearly in the first month of the
quarter (i.e., January, April, July, and October) .***Property tax is paid once a year in November.​
-The cash payments for Finch Company expected in the month of June are

• A)$215,500
• B)$188,800
• C)$214,000
• D)$212,000

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Definitions:

Resource Conservation

The practice of managing the use of natural resources efficiently to prevent depletion and ensure sustainability.

Cartridge Operated

Refers to devices or mechanisms activated by the insertion of a cartridge containing a gas, chemical, or projectile.

Multi-Purpose Dry

A versatile product designed to provide lubrication, cleaning, or protection against moisture, commonly used in various mechanical or electronic applications.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in the air and is absorbed by plants in photosynthesis.