Valley Farm Supply Started the Period with $80,000 Cash

question 107

Multiple Choice

Valley Farm Supply started the period with $80,000 cash.Cash receipts for January were expected to total $350,000.Cash disbursements for January were expected to be $290,000.What is the expected cash balance at the end of January?

• A) $290,000
• B) $350,000
• C) $80,000
• D) $140,000

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Definitions:

Occurrences

Incidents or instances of something happening.

Poisson Random Variable

A type of discrete random variable that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events happen with a known constant mean rate and independently of the time since the last event.

Successes Achieved

The accomplishments or favorable outcomes attained in a given project, experiment, or other endeavors.

Random Sample

A subset of individuals chosen from a larger set, where each individual has an equal probability of being chosen, ensuring the sample’s representation of the entire population.