Use the Following Information to Determine the Ending Cash Balance

question 151

Multiple Choice

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.
A. Beginning cash balance on June 1, $94,000.
B. Cash receipts from sales, $413,000.
C. Budgeted cash disbursements for purchases, $268,000.
D. Budgeted cash disbursements for salaries, $95,000.
E. Other budgeted expenses, $57,000.
F. Cash repayment of bank loan, $32,000.
G. Budgeted depreciation expense, $34,000.

• A) $55,000.
• B) $21,000.
• C) $87,000.
• D) $112,000.
• E) $78,000.

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Definitions:

Secularisation

The process by which religious institutions, practices, and beliefs lose their social significance.

Mobilisation

The act of assembling and readying resources, groups, or individuals for action, especially in contexts of activism, military engagement, or emergency response.

Sociocultural Environment

The surroundings that influence an individual or group, including societal norms, values, and cultural practices.

Cultural Psychologists

Psychologists who study how cultures reflect and shape the psychological processes of their members.