Berman Company Is Preparing Its Budget for the Third Quarter

question 181

Multiple Choice

Berman Company is preparing its budget for the third quarter.Cash balance on July 31 was $34,000.Assume there is no minimum balance of cash required and no borrowing is undertaken.Additional budgeted data are provided here:

Calculate the projected balance of cash at the end of August.

• A)$31,000
• B)$118,000
• C)$35,000
• D)$22,000

---

Definitions:

Subsistence Patterns

The means by which societies obtain food and other necessities for survival, including hunting, gathering, agriculture, or trade.

Social Inequality

A condition where societal resources and opportunities are unevenly distributed among different groups based on characteristics like race, gender, income, etc.

Durkheim

Émile Durkheim, a French sociologist known for his foundational contributions to the field of sociology, including his theories on social cohesion and the function of religion in society.

Collective Identity

A sense of belonging and shared characteristics that unify a group, distinguishing them from other groups.