Network Company Pty Ltd Made the Following Estimates for the Three

question 27

Multiple Choice

Network Company Pty Ltd made the following estimates for the three months ending 31 March.This is Network Company's first period of operation and their starting cash balance is $5 000.
Estimates:
$\begin{array}{lr}\text { Cash receipts from sales } & \$ 600000 \\ \text { Cash payments for expenses } & 260000 \\ \text { Purchase of fixed assets (\$10 000 will not be paid until April) } & 40000 \\ \text { Depreciation of fixed assets } & 8000 \\ \text { Repayment of bank loan } & 50000\end{array}$
What is the estimated cash balance at 31 March?

• A) Surplus of $252 000.
• B) Surplus of $265 000.
• C) Surplus of $272 000.
• D) Surplus of $255 000.

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Definitions:

Conflict Perspective

A sociological approach that views social and economic institutions as tools of the struggle between groups or classes, used to maintain inequality and the dominance of the ruling class.

Structural-functionalism

An approach within sociology that considers society to be a complicated system with various parts working in harmony to ensure stability and cohesion.

African Americans

Individuals in the United States with ancestry from the black racial groups of Africa.

Feminists

Advocates or supporters of the rights and equality of women in political, economic, and social spheres.