In 2022, Grider Corporation Had Cash Receipts of $56,000 and Cash

question 136

Multiple Choice

In 2022, Grider Corporation had cash receipts of $56,000 and cash disbursements of $32,000.Grider's cash balance at December 31, 2022 was $78,000.What was Grider's January 1, 2022 cash balance?

• A)$54,000
• B)$70,000
• C)$110,000
• D)$102,000

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Definitions:

Labour Cost

Represents the total expense incurred by employers for the wages, benefits, and taxes associated with their workforce.

Extra Workers

Employees hired in addition to the regular workforce to handle additional demand, seasonal peaks, or special projects.

Frederick W. Taylor

An American mechanical engineer who is regarded as the father of scientific management, aiming to improve economic efficiency and labor productivity.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.