Chaterlain Company Is Preparing Its Budget for the 3^rd Quarter

question 36

Multiple Choice

Chaterlain Company is preparing its budget for the 3^rd quarter. Cash balance on July 31 was $30,000. Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional budgeted data is provided here: $\begin{array}{|l|r|r|r|} \hline&{\text { Jul }} &{\text { Aug }} &{\text { Sep }} \\\hline \text { Cash collections } & \$ 50,000 & \$ 51,000 & \$ 52,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of inventory } & 20,000 & 19,000 & 18,000 \\\hline \text { Operating expenses } & 25,000 & 21,000 & 32,000 \\\hline \text { Capital expenditures } & 5,000 & 9,000 & 16,000\\\hline\end{array}$ Calculate the balance of cash at the end of August.

• A) $19,100
• B) $28,800
• C) $29,050
• D) $32,000

Understand the concept of racial justice and democracy at the institutional level.

Grasp the 80/20 phenomenon in the context of social movements and policy making.

Recognize the importance and limitations of diversity training in addressing structural racism.

Distinguish between direct and indirect, as well as individual and institutional, change methods.

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Definitions:

New England Society

refers to the social structure and cultural norms of the New England region, often highlighting its historical significance and community values.

Roger Williams

A Puritan minister, theologian, and author who founded the colony of Rhode Island in 1636 as a place of religious freedom after being banished from the Massachusetts Bay Colony.

Puritan Community

A group of English Reformed Protestants in the 16th and 17th centuries who sought to "purify" the Church of England from its "Catholic" practices.

Anne Hutchison

A key figure in the development of religious freedom in the American colonies, known for her role in the Antinomian Controversy in the Massachusetts Bay Colony.