Uncle's Caps, a Merchandiser, Has Provided the Following Budgeted Amounts

question 20

Multiple Choice

Uncle's Caps, a merchandiser, has provided the following budgeted amounts for the next budget period. $$\begin{array} { | l | r | } \hline \text { Balance of cash at the beginning } & \$ 30,000 \\\hline \text { Cash collections } & 680,000 \\\hline \text { Payments for: } & \\\hline \text { Purchase of inventory } & 350,000 \\\hline \text { Selling and administrative expenses } & 70,400 \\\hline \text { Capital expenditures } & 89,000 \\\hline\end{array}$$ A minimum cash balance of $250,000 is required to be maintained. The company can borrow in increments of $10,000 as and when required. Assume the company can borrow the needed funds at the end of the period. Calculate the ending cash balance for the budget period.

• A) $320,300
• B) $250,600
• C) $300,000
• D) $540,230

Know the major divisions within the deuterostomes and identify examples of each.

Learn about the concept of metazoans and identify examples.

Analyze and interpret the evolutionary relationships between different animal groups through cladogram construction.

Describe evolutionary adaptations for terrestrial life in animals.

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Definitions:

Economic System

The mechanism or set of processes by which a society organizes and distributes its resources, goods, and services.

Factors Of Production

The four economic resources: land, labor, capital, and entrepreneurial ability.

Economic Systems

The structure and methods by which a society allocates resources and distributes goods and services among its population.

Business Risk

The potential for financial loss or failure in the operation of a company due to factors like market conditions, regulatory changes, or operational challenges.