Chaterlain Company Is Preparing Its Budget for the 3^rd Quarter

question 65

Multiple Choice

Chaterlain Company is preparing its budget for the 3^rd quarter. Cash balance on July 31 was $30,000. Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional budgeted data is provided here: $$\begin{array} { | l | r | r | r | } \hline & { \text { Jul } } & { \text { Aug } } & { \text { Sep } } \\\hline \text { Cash collections } & \$ 50,000 & \$ 51,000 & \$ 52,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 20,000 & 19,000 & 18,000 \\\hline \text { Operating expenses } & 25,000 & 21,000 & 32,000 \\\hline \text { Capital expenditures } & 5,000 & 9,000 & 16,000 \\\hline\end{array}$$ Calculate the balance of cash at the end of August.

• A) $19,100
• B) $28,800
• C) $29,050
• D) $32,000

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Definitions:

Graphics Memory

Dedicated memory used by computer graphics systems to store images, textures, and other graphical data for rendering.

Sound Card

An expansion card that attaches to (or is integrated into) the motherboard inside the system unit and that enables the computer to produce sounds; also provides a connection for the speakers and microphone.

PCI Bus

A hardware bus designed for connecting peripheral devices to a computer's processor, allowing for the expansion of computer functionalities.

Hyperthreading

A technology used by some CPUs that allows a single physical processor core to act as two separate logical cores, improving multitasking and performance.