Finch Company Began Its Operations on March 31 of the Current

question 91

Multiple Choice

Finch Company began its operations on March 31 of the current year.  Finch has the following projected costs: (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month.
(2) 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) .
(3) Property tax is paid once a year in November.
The cash payments expected for Finch Company in the month of April are

• A) $122,600
• B) $120,600
• C) $123,100
• D) $121,100

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Definitions:

Positive Symptoms

Symptoms of a disorder that involve the presence of abnormal behaviors or experiences, such as hallucinations or delusions, commonly associated with schizophrenia.

Antipsychotic Medications

Drugs used to treat psychiatric conditions by altering brain chemistry, particularly for conditions like schizophrenia and bipolar disorder.

Involuntary Movements

These are movements that occur without conscious control, often produced by reflexes or conditions affecting neurological function.

Facial Muscles

Muscles beneath the skin of the face, primarily used for expressing emotions through facial expressions.