California Products Company Has the Following Data as Part of Its

question 12

Multiple Choice

California Products Company has the following data as part of its budget for the 2^nd quarter:
$\begin{array}{|l|r|r|r|}\hline & {\text { Apr }} &{\text { May }} &{\text { Jun }} \\\hline \text { Cash collections } & \$ 30,000 & \$ 32,000 & \$ 36,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 4,500 & 4,600 & 3,800 \\\hline \text { Operating expenses } & 7,200 & 7,600 & 8,000\\\hline \text { Capital expenditures } & 0 & 24,500 &5,200 \\\hline\end{array}$
The cash balance at April 1 is forecast to be $8,200.
-Assume that there will be no financing transactions or costs during the quarter. Based on the above information only, what will the cash balance be at June 30?

• A) $26,500
• B) $40,800
• C) $33,900
• D) $21,800

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Definitions:

Prejudice

Preconceived opinion or judgment about an individual or group that is not based on reason or actual experience, often involving negative or stereotypical beliefs.

Mixed-race

Pertaining to an individual or group of people who are of ancestry from two or more racial backgrounds.

Promoted

Refers to the act of being elevated to a higher rank or position within an organization.

Robber's Cave

Refers to a landmark social psychology experiment that demonstrated how intergroup conflict could be incited and then overcome through cooperative tasks.