Lyon CorpHas Provided a Part of Its Budget for the Second

question 120

Multiple Choice

Lyon Corp.has provided a part of its budget for the second quarter: $$\begin{array} { | l | r | r | r | } \hline &{ \text { Apr } } &{ \text { May } } & { \text { Jun } } \\\hline \text { Cash collections } & \$ 43,000 & \$ 45,000 & \$ 50,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 7200 & 5000 & 7000 \\\hline \text { Operating expenses } & 6000 & 7900 & 7000 \\\hline \text { Capital expenditures } & 4000 & 4600 & 20,000 \\\hline\end{array}$$ 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) $115,300
• B) $37,800
• C) $81,300
• D) $65,300

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Definitions:

Excessive Force

The use of force greater than what is deemed reasonable or necessary under the circumstances by law enforcement personnel.

Miscegenation

Romantic, sexual, or marital relationships between people of different races.

Homogamy

The similarity of individuals married to each other, usually in terms of socioeconomic status, education, religion, or ethnicity.

Endogamy

The practice of marrying within a specific social group, class, or ethnic group, rejecting those from others as suitable marriage partners.