Finch Company Began Its Operations on March 31 of the Current

question 127

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 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:

Unconditional Positive Regard

A concept in humanistic psychology referring to a practice of offering acceptance and support regardless of the person's behaviors or feelings.

Carl Rogers

A pioneering psychologist known for developing client-centered therapy and emphasizing the importance of a positive, growth-promoting relationship between therapist and client.

Emotion-Focused Couples' Therapy

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Client-Centred Therapy

A form of psychotherapy developed by Carl Rogers that emphasizes the importance of providing a supportive environment for clients, allowing them to lead their own process of self-discovery and growth.