Use the Information Below to Answer the Following Questions -Refer to the Table Above

question 56

Multiple Choice

Use the information below to answer the following questions.
Crystal Computers owns a chain of seven shops selling computer goods. In the past the company maintained a healthy cash balance. However, this has fallen in recent months, and at the end of September 2018 it had an overdraft of $100,000. In view of this, its managing director has asked you to prepare a cash forecast for the next six months. You have collected the following information: $\begin{array}{lrrrrrr}&\text { Oct. } & \text { Nov. } & \text { Dec. } & \text { Jan. } & \text { Feb. } & \text {March } \\&\$ 000 & \$ 000 & \$ 000 & \$ 000 & \$ 000 & \$ 000\\\text { Cash Sales forecast } & 250 & 200 & 250 & 350 & 200 & 80 \\\text { Cash Purchases } & 180 & 160 & 130 & 40 & 50 & 60 \\\text { Wages and Salaries } & 40 & 40 & 50 & 40 & 40 & 45 \\\text { Rent } & & & 80 & & &\\\text { Rates } & & & & & & 60 \\\text { Other Expenses } & 25 & 25 & 25 & 25 & 25 & 25\\\text { Refurbishing Shops }&&&&&&{80} \\&245 & 225 & 285 & 185 & 115 & 190\\\end{array}$
-Refer to the table above. The projected cash balance at the end of November is:

• A)($25,000).
• B)($120,000).
• C)$25,000.
• D)($100,000).

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Definitions:

Weak Acid

An acid that dissociates incompletely, releasing only some of its hydrogen ions into the solution.

Dissolve Glass

A chemical process in which certain substances, such as hydrofluoric acid, react with silicate glasses to dissolve them.

Common Name

Refers to the name by which a substance, object, or species is known to the general public, as opposed to its scientific or technical name.

NaOH

Sodium hydroxide, a highly caustic metallic base and alkali salt commonly used in many industries, notably in the manufacture of paper, textiles, and detergents.