On June 1 2022 England Inc

question 153

Multiple Choice

On June 1 2022 England Inc.reported a cash balance of $42000.During June England made deposits of $16000 and made disbursements totaling $48000.What is the cash balance at the end of June?

• A)$74000
• B)$58000
• C)$10000
• D)$6000

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life, often considered in depreciation calculations.

Normal Plant Capacity

The expected or planned level of operation for a manufacturing plant, considering normal working conditions and time periods.

Differential Analysis

The process of comparing the costs and benefits of alternative decisions, focusing on the differences between the options.

Fixed Costs

Expenses that do not change in the short term, regardless of the level of production or sales activities.