Use the Following Information to Determine the Ending Cash Balance

question 220

Multiple Choice

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. -Beginning cash balance on June 1,$73,000.
-Cash receipts from sales,$413,000.
-Budgeted cash payments for purchases,$268,000.
-Budgeted cash payments for salaries,$35,000.
-Other budgeted cash expenses,$57,000.
-Cash repayment of bank loan,$32,000.
-Budgeted depreciation expense,$34,000.

• A)$94,000.
• B)$60,000.
• C)$126,000.
• D)$149,000.
• E)$21,000.

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Definitions:

Conversion Disorder

A mental condition where psychological stress is expressed as physical symptoms that cannot be explained by medical evaluation.

Anorexia Nervosa

An eating disorder characterized by an abnormally low body weight, intense fear of gaining weight, and a distorted perception of body weight or shape.

Dissociative Identity Disorder

A severe form of dissociation characterized by two or more distinct personality states or identities within a single individual.

Dissociative Disorder

A mental health condition characterized by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.