Zhang Industries Is Preparing a Cash Budget for June

question 132

Multiple Choice

Zhang Industries is preparing a cash budget for June.The company has $25,000 cash at the beginning of June and anticipates $95,000 in cash receipts and $111,290 in cash payments during June.The company has no loans outstanding on June 1.Compute the amount the company must borrow,if any,to maintain a $20,000 cash balance.

• A)$28,710.
• B)$12,290.
• C)$16,290.
• D)$11,290.
• E)$6,290.

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Definitions:

Ethnic Identity

An individual's sense of belonging to a particular ethnic group, which can influence aspects of their social life and personal self-concept.

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The development of a distinct, stable sense of self through processes like exploration and commitment in various life domains.

Marcia's Categories

A framework for understanding identity development during adolescence, comprising four statuses: identity diffusion, foreclosure, moratorium, and achievement.

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Refers to young individuals who identify with a sexual orientation that falls outside the heterosexual norm, including but not limited to lesbian, gay, bisexual, and questioning/queer youth.