Finch Company Began Its Operations on March 31 of the Current

question 154

Multiple Choice

Finch Company began its operations on March 31 of the current year. Finch Co. has the following projected costs: (1) 3/4 of the manufacturing costs are paid for in the month they are incurred. 1/4 is paid in the following month.
(2) Insurance expense is $1,000 a month, however, the insurance is paid four times yearly in the first month of the quarter, i.e. January, April, July, and October.
(3) Property tax is paid once a year in November.
The cash payments for Finch Company in the month of June are:

• A) $215,500
• B) $188,800
• C) $214,000
• D) $212,000

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Definitions:

Sexual Knowledge

Refers to information, awareness, and understanding about sexual behaviors, practices, anatomy, and reproductive health.

Heterosexual Behavior

Sexual interactions or practices that occur between individuals of the opposite sex.

Complementary Roles

The idea that in a society or relationship, different members have roles that balance or complement each other, contributing to a functioning whole.

Nuclear Family

Family in which a married couple resides together with their children.