The Following Information for the Second Quarter of 2011 Pertains

question 124

Multiple Choice

The following information for the second quarter of 2011 pertains to Huffington Company:

•Cash is collected from customers in the following manner:

•40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month.
•Labor costs are 20% of sales. Other operating costs are $45,000 per month (including $12,000 of depreciation) . Both of these are paid in the month incurred.
•The cash balance on June 1 is $6,000. A minimum cash balance of $4,500 is required at the end of the month. Money can be borrowed in multiples of $3,000.
•No loans outstanding on June 1.
-How much cash will be disbursed for labor and operating costs in June?

• A)$63,000
• B)$70,000
• C)$88,400
• D) $96,400

Explore the causes of melting and magmatic differentiation.

Describe how columnar joints are formed.

Identify the geological mechanisms involved in bringing batholithic rocks to the surface.

Understand the role of ocean-continent convergence in forming igneous rocks in Sierra Nevada.

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Definitions:

Main Batholith

A large body of igneous rock formed beneath the Earth's surface by the intrusion and solidification of magma.

Partial Melting

The process where only a portion of a solid mixture melts, resulting in the formation of magma with different composition from the original material.

Subduction

The process by which one tectonic plate moves under another plate and into the mantle, causing volcanic and seismic activity.

Normal Faulting

A type of faulting in which the hangwall moves downward relative to the footwall, often associated with tensional forces pulling the Earth's crust apart.