Lyon Corp Has Provided a Part of Its Budget for the the Second

question 24

Multiple Choice

Lyon Corp. has provided a part of its budget for the second quarter: $$\begin{array} { | l | r | r | r | } \hline & { \text { Apr } } & { \text { May } } & { \text { Jun } } \\\hline \text { Cash collections } & \$ 40,000 & \$ 43,000 & \$ 50,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 7200 & 7200 & 6000 \\\hline \text { Operating expenses } & 7000 & 9000 & 7000 \\\hline \text { Capital expenditures } & 5000 & 0 & 0 \\\hline\end{array}$$ The cash balance on April 1 is $12,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of June.

• A) $109,600
• B) $32,800
• C) $96,600
• D) $59,600

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Definitions:

DRM Paradigm

A cognitive procedure in memory research where participants are presented with lists of semantically related words, leading to false memories of words not actually presented.

Schemas

Cognitive frameworks or concepts that help individuals organize and interpret information.

Semantic Memory

A branch of long-term memory involved in the storage of factual information, concepts, and knowledge about the external world.

Retention

The ability to maintain or preserve information over time, critical to learning and memory processes in the brain.