The Following Are Budgeted Data for the Bingham Corporation,a Merchandising

question 84

Multiple Choice

The following are budgeted data for the Bingham Corporation,a merchandising company: Assume that all purchases are paid for in the month following the month of purchase.The cash disbursements for purchases that would appear in the April cash budget would be:

• A)$180,000
• B)$157,500
• C)$240,000
• D)$217,500

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Definitions:

Practical Intelligence

The ability to solve everyday problems by utilizing knowledge gained from experience in contrast to theoretical or academic knowledge.

Creative Intelligence

The ability to produce new products, ideas, or inventing novel solutions to problems.

Spatial Intelligence

The ability to understand, reason, and remember the spatial relations among objects or space.

Naturalist Intelligence

A type of intelligence proposed by Howard Gardner, characterized by sensitivity to nature and the ability to identify, classify, and manipulate elements of the environment.