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:

Defect Rate

The frequency at which errors or flaws occur in a product, process, or service, typically expressed as a percentage or ratio.

Mean Number

The average value of a set of numbers, calculated by dividing the sum of all numbers by the quantity of numbers.

Batches

In manufacturing and computing, batches refer to groups of items or data processed or produced at one time, often for efficiency and tracking purposes.

Defect Rate

The frequency at which defects, flaws, or errors occur in a product, process, or system, usually expressed as a ratio or percentage of the total output.