Lyon CorpHas Provided a Part of Its Budget for the Second

question 54

Multiple Choice

Lyon Corp.has provided a part of its budget for the second quarter: $\begin{array}{|l|r|r|r|} \hline&{\text { Apr }} &{\text { May }} &{\text { Jun }} \\\hline \text { Cash collections } & \$ 40,000 & \$ 43,000 & \$ 50,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 7200 & 7200 & 6000 \\\hline \text { Operating expenses } & 7000 & 9000 & 7000 \\\hline \text { Capital expenditures } & 5000 & 0 & 0 \\\hline\end{array}$ The cash balance on April 1 is $12,000.Assume that there will be no financing transactions or costs during the quarter.Calculate the projected cash balance at the end of June.

• A)$109,600
• B)$32,800
• C)$96,600
• D)$59,600

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Definitions:

Two-Tail

Refers to a type of hypothesis test that considers both directions of difference or effect, looking for deviations in two opposite directions.

Level Of Significance

The probability threshold below which a result is considered statistically significant.

Nonparametric Tests

Statistical tests that do not assume a specific distribution for the data, often used when parametric test assumptions cannot be satisfied.

Probability Distributions

Descriptions or functions that outline all the possible values and likelihoods that a random variable can take within a given range.