Avery Inc Would Like to Prepare a Summary Cash Budget for for June

question 44

Multiple Choice

Avery Inc. would like to prepare a summary cash budget for June. The following information is available: What is the cash balance at the end of June expected to be?

• A) $15,000
• B) $12,000
• C) $26,000
• D) $29,000

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Definitions:

Technological Change

The innovation and implementation of new technologies in a way that transforms the existing processes or products.

Environmental Uncertainty

The difficulty in predicting changes and trends in the external business environment that can impact an organization's operations.

Telecommunications

The transmission of information over distances for the purpose of communication.

State-Owned

Refers to businesses or assets that are owned and operated by the government.