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:

Cesarean Section

A surgical procedure used to deliver a baby through incisions in the abdomen and uterus when vaginal delivery is not possible or safe.

Stillborn

Referring to an infant born without signs of life at or after 24 weeks of pregnancy.

Correct Code

The appropriate and accurate classification or identification used for diagnosis, treatment, or procedural purposes in healthcare.

Babies Born

Refers to the event of childbirth, where infants are delivered and come into the world.