Fulkron Manufacturing Provides the Following Data Excerpted from Its 3rd

question 23

Multiple Choice

Fulkron Manufacturing provides the following data excerpted from its 3rd quarter budget: $$\begin{array} { | l | r | r | r | } \hline & \text { Jul } & \text { Aug } & \text { Sep } \\\hline \text { Cash collections } & \$ 66,000 & \$ 42,000 & \$ 45,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 50,000 & 48,000 & 25,000 \\\hline \text { Operating expenses } & 10,000 & 15,000 & 20,000 \\\hline \text { Capital expenditures } & 0 & 32,000 & 6,000 \\\hline\end{array}$$
-Refer to the table above,The cash balance on June 30 is projected to be $10,000. Based on the above data, calculate the shortfall the company is projected to have at the end of September.

• A) $43,000
• B) $28,000
• C) $35,000
• D) $40,000

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Definitions:

Data Collected

Information gathered through various methods for the purpose of analysis or to inform decision-making processes.

Computerization

Computerization refers to the process of applying computers and technology to automate tasks, processes, and information management in various fields.

Independent Variable

An experimental variable that is deliberately changed to determine its effect on outcomes, serving as the cause in cause-and-effect relationships.

Control

In a business context, it refers to the process of monitoring activities to ensure they are being accomplished as planned and correcting any significant deviations.