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:

Cerebral Arterial Circle

Also known as the Circle of Willis, this is a circulatory anastomosis that supplies blood to the brain and surrounding structures.

Posterior Cerebellar Artery

A branch of the vertebral artery that supplies blood to the cerebellum, crucial for balance and smooth movements.

Circle of Willis

A circulatory anastomosis that supplies blood to the brain and surrounding structures, playing a critical role in cerebrovascular health.

Aortic Arch

Curve between the ascending and descending portions of the aorta.