Finch Company Began Its Operations on March 31 of the Current

question 146

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 May are

• A) $185,600
• B) $149,900
• C) $187,600
• D) $189,100

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Definitions:

Intrinsic Motivations

Internal drives that compel individuals to engage in activities for their own sake, due to the inherent pleasure and satisfaction derived, rather than for some separable consequence.

Extrinsic Motivations

Motivation driven by external rewards such as money, fame, grades, or praise rather than by intrinsic interests or desires.

Autonomously

Acting independently or having the freedom to make one’s own decisions without external control or influence.

Goal Setting

The process of identifying specific objectives, determining a plan for achieving those objectives, and establishing measurable goals.