The Following Information Is Available for Birch Company at December

question 49

Multiple Choice

The following information is available for Birch Company at December 31:
$$\begin{array} { | l | r | } \hline \text { Money market fund balance } & \$ 2,790 \\\hline \text { Certificate of deposit maturing June 30 of next year } & \$ 10,000 \\\hline \text { Postdated checks from customers } & \$ 1,475 \\\hline \text { Cash in bank account } & \$ 21,430 \\\hline \text { NSF checks from customers returned by bank } & \$ 650 \\\hline \text { Cash in petty cash fund } & \$ 200 \\\hline \text { Inventory of postage stamps } & \$ 24 \\\hline \begin{array} { l } \text { U.S. Treasury bill purchased on December 15 and maturing on February } \\\text { 28 of followingyear }\end{array} & \$ 5,000 \\\hline\end{array}$$
Based on this information,Birch Company should report Cash and Cash Equivalents on December 31 of:

• A) $29,420
• B) $41,345
• C) $31,345
• D) $39,420
• E) $38,770

Analyze the impact of changes in resource availability, technology, and preferences on the PPF.

Distinguish between different types of shifts and movements along the PPF.

Apply the concept of opportunity cost to decision-making in resource allocation.

Recognize the significance of economic growth and factors that contribute to shifting the PPF outward.

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Definitions:

Concert Arena

A large, usually indoor area designed to host musical concerts, sporting events, or other performances, often with significant seating capacity.

Survivor Bias

A logical error that involves focusing on the surviving subjects of a process or people who made it past some selection process, thereby unintentionally overlooking those who did not due to their lack of visibility.

Unrepresentative Sample

A sample that does not accurately reflect the demographics or characteristics of the larger population from which it is drawn.

Correlation

A statistical measure that describes the extent to which two variables change together.