The Carlquist Company Makes and Sells a Product Called Product $£ 1,152,000$

question 35

Multiple Choice

The Carlquist Company makes and sells a product called Product K. Each unit of Product K sells for £24 and has a unit variable cost of £18. The company has budgeted the following data for November:
If necessary, the company will borrow cash from a bank. The borrowing will be in multiples of £1,000 and will bear interest at 2% per month. All borrowing will take place at the beginning of the month. The November interest will be paid in cash during November.* Sales of $£ 1,152,000$ , all in cash.
*A cash balance on November 1 of $£ 48,000$ .
* Cash dis bursements (other than interest) during November of $£ 1,160,000$ .
*A minimum cash balance on November 30 of $£ 60,000$ .
The amount of cash that must be borrowed on November 1 to cover all cash disbursements and to obtain the desired November 30 cash balance is

• A)£20,000.
• B)£21,000.
• C)£37,000.
• D)£38,000.

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Definitions:

Continuous Cardiac Monitoring

The ongoing process of tracking the heart’s activity and rhythm to detect abnormal conditions in real-time.

Heart Failure

A chronic condition where the heart is unable to pump sufficiently to maintain blood flow to meet the body’s needs.

Dysrhythmias

Abnormal heart rhythms that can range from mild to life-threatening conditions.

12-Lead ECG

A diagnostic tool that measures and records the electrical activity of the heart from twelve different viewpoints.