Hutchinson,Inc The Cash Balance on June 30 Is Projected to Be

question 130

Multiple Choice

Hutchinson,Inc.provides the following data taken from its third quarter budget: $$\begin{array} { | l | r | r | r | } \hline & { \text { Jul } } & { \text { Aug } } &{ \text { Sep } } \\\hline \text { Cash collections } & \$ 68,000 & \$ 34,000 & \$ 42,000 \\\hline \text { Cash payments: } & & & \\\hline \text { Purchases of direct materials } & 31,000 & 32,000 & 25,000 \\\hline \text { Operating expenses } & 11,000 & 19,000 & 20,000 \\\hline \text { Capital expenditures } & 0 & 34,000 & 7000 \\\hline\end{array}$$ The cash balance on June 30 is projected to be $12,000.Based on the above data,calculate the shortfall the company is projected to have at the end of August.

• A) $34,000
• B) $23,000
• C) $13,000
• D) $38,000

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Definitions:

Reaction Speed

The time it takes for an individual to respond to a stimulus or external event.

Dependent Variable

The variable in an experimental setup that is expected to change in response to manipulations in the independent variable.

Pill Dosage

The prescribed amount of medication to be taken at one time or at specified intervals.

Longitudinal Design

A research approach that involves repeated observations of the same variables (e.g., individuals) over short or long periods of time.