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Finch Company Began Its Operations on March 31 of the Current

question 160

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Finch Company began its operations on March 31 of the current year. Finch Co. has the following projected costs: 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 April are: A)  $122,600 B)  $120,600 C)  $123,100 D)  $121,100 (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 April are:

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Definitions:

While Loop

A while loop in programming is a control flow statement that allows code to be executed repeatedly based on a given Boolean condition.

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