Fulkron Manufacturing Provides the Following Data Excerpted from Its 3rd

question 55

Multiple Choice

Fulkron Manufacturing provides the following data excerpted from its 3rd quarter budget: $\begin{array}{|l|l|r|r|} \hline&{\text { Jul }} & \text { Aug } &{\text { Sep }} \\\hline \text { Cash collections } & \$ 66,000 & \$ 42,000 & \$ 45,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 50,000 & 48,000 & 25,000 \\\hline \text { Operating expenses } & 10,000 & 15,000 & 20,000 \\\hline \text { Capital expenditures } & 0 & 32,000 & 6,000\\\hline\end{array}$ The cash balance on June 30 is projected to be $10,000.
- Based on the above data, calculate the shortfall the company is projected to have at the end of August.

• A) $32,000
• B) $43,000
• C) $37,000
• D) $16,000

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Definitions:

Nonjudgmental Attitude

An approach to interpersonal interactions characterized by acceptance and openness, without making premature judgments or evaluations.

Conscientiousness

A personality trait characterized by being thorough, careful, or vigilant; implies a desire to do a task well.

Big Five Trait

Refers to five broad domains or dimensions of personality that are used to describe human personality. These are openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Temperament

The inherent part of an individual's personality, including aspects such as mood, behavior tendencies, and emotional reactivity.