Diemans Corp

question 26

Multiple Choice

Diemans Corp.has provided a part of its budget for the second quarter:
- The cash balance on April 1 is $12,000.Assume that there will be no financing transactions or costs during the quarter.Calculate the cash balance at the end of May.

• A)$51,800
• B)$40,800
• C)$33,900
• D)$21,800

---

Definitions:

Origin Contract

A term referring to the initial agreement between parties, detailing the basis of their contractual relationship.

Title Pass

The transfer of ownership of a property or an asset from one party to another, usually occurring upon the fulfillment of agreed conditions.

Time and Place

Contextual factors referring to when and where an event occurs, which can significantly affect the nature or interpretation of the event.

Buyer's Expense

Costs that are borne by the purchaser of goods or services, including but not limited to, shipping, taxes, and any other charges associated with the purchase.