The Following Information Was Taken from Hurlbert Companys' Cash Budget

question 59

Multiple Choice

The following information was taken from Hurlbert Companys' cash budget for the month June $$\begin{array} { l r } \text { Beginning cash balance } & \$ 69,000 \\\text { Cash receipts } & 93,000 \\\text { Cash disbursements } & 117,000\end{array}$$ If the company has a policy of maintaining an end of the month cash balance of $60000 the amount the company would have to borrow is

• A)$36000.
• B)$15000.
• C)$24000.
• D)$0.

Understand the impact of strategic planning on business performance and the importance of strategic management for all organizational members.

Identify various modes of strategy-making and the advantages of each.

Understand the concept of synergy in business strategy and its effects.

Appreciate the shift towards more inclusive and organic strategy-making processes in modern organizations.

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Definitions:

Commission Rate

The percentage of a sale price paid to the salesperson or agent responsible for the transaction.

Monthly Quota

Monthly Quota is a specified, quantifiable goal that a person or organization is expected to reach within a month, often used in sales and production.

Gross Pay

Gross Pay refers to the total amount of money earned by an employee before any deductions are made for taxes, benefits, or other withholdings.

Base Salary

The initial salary amount paid to an employee, not including any benefits, bonuses, or overtime.