If the Opening Balance of Cash for One Month Is

question 74

Multiple Choice

If the opening balance of cash for one month is $20 000, cash receipts are estimated to be $398 000 and cash payments are estimated as $300 000, the opening cash balance at the beginning of the next month is:

• A)$118 000
• B)$109 000
• C)$69 000
• D)Cannot be calculated

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Definitions:

Game Theory

A field of applied mathematics used to model and analyze strategic interactions among rational decision-makers.

Rationality

The quality of being based on or in accordance with reason or logic, often used in economics as a principle that individuals aim to maximize utility.

Simultaneous-Move Game

A strategic interaction where all players make their decisions or moves at the same time without knowledge of the other players' choices.

Low Price

The situation or strategy where the cost of a good or service is set below the average market price to attract consumers or gain market share.