Use the Following Information to Determine the Ending Cash Balance

question 77

Multiple Choice

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.

• Beginning cash balance on June 1, $73,000.
• Cash receipts from sales, $413,000.
• Budgeted cash payments for purchases, $268,000.
• Budgeted cash payments for salaries, $35,000.
• Other budgeted cash expenses, $57,000.
• Cash repayment of bank loan, $32,000.
• Budgeted depreciation expense, $34,000.

• A) $94,000.
• B) $60,000.
• C) $126,000.
• D) $149,000.
• E) $21,000.

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Definitions:

Downward Social Comparison

Comparing oneself to others who are perceived as less fortunate or less successful, often to boost self-esteem or subjective well-being.

Distressful Events

Incidents or situations that cause extreme anxiety, sorrow, or pain, potentially leading to significant psychological or physical impact.

Affiliation

The connection or association with a group, organization, or cause, often determined by shared interests, goals, or identities.

Complementarity Hypothesis

A theory suggesting that positive responses elicit positive reactions and negative responses elicit negative reactions during interpersonal interactions.