Varughese Inc

question 221

Multiple Choice

Varughese Inc. is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000.
-The budgeted net income for December is:

• A) $107,500
• B) $137,500
• C) $42,500
• D) $77,500

---

Definitions:

Expert Power

The influence and authority one possesses due to their expertise, skills, or knowledge in a specific field.

Behavior

The way in which one acts or conducts oneself, especially towards others.

Referent Power

The influence one has over others based on their admiration, respect, or desire to be similar to the influencer.

Identification

The process of recognizing or establishing the identity of a person or thing, often through specific characteristics or markers.