During the Month of February, Victor Services Had Cash Receipts

question 230

Multiple Choice

During the month of February, Victor Services had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the February 1 beginning cash balance?

• A) $2,900.
• B) $700.
• C) $0.
• D) $4,300.
• E) $1,100.

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Definitions:

Internal Supply Estimates

Projections or assessments of the availability of resources, personnel, or capabilities within an organization to meet its current or future needs.

Economic Force

A factor that influences the direction and dynamics of an economy, including elements like supply and demand, inflation, and government policy.

Increased Automation

The growing use of machines and technology to perform tasks that were traditionally done by humans, leading to enhanced efficiency but also potential job displacement.

Human Resource Information System

An integrated system designed to help manage HR processes, employee data, and organizational policies and procedures, often through technology.