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NEW QUESTION: 1
JL is preparing its cash budget for the next three quarters. The following data have been extracted from the operational budgets:

Additional information is available as follows:
* JL sells 20% of its goods for cash. Of the remaining sales value, 70% is received within the same quarter as sale and 30% is received in the following quarter. It is estimated that trade receivables will be $125,000 at the beginning of Quarter 1. No bad debts are anticipated.
* 50% of payments for direct material purchases are made in the quarter of purchase, with the remaining 50% in the quarter following purchase. It is estimated that the amount owing for direct material purchases will be
$60,000 at the beginning of Quarter 1.
* JL pays labour and overhead costs when they are incurred. It has been estimated that labour and overhead costs in total will be $303,600 per quarter. This figure includes depreciation of $19,600.
* JL expects to repay a loan of $100,000 in Quarter 3.
* The cash balance at the beginning of Quarter 1 is estimated to be $49,400 positive.
Required:
Prepare a cash budget for each of the THREE quarters.
What will the closing balance of cash flows in quarter THREE be?
A. $160 690
B. $100 200
C. $130 200
D. $170 400
E. $150 200
F. $145 000
G. $184 900
Answer: C
Explanation:
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-103-q19/

NEW QUESTION: 2
What is an attribute view and what are its practices?
There are 3 correct answers to this question.
Choose:
A. Used to join tables
B. May contains flow charts
C. Used in diagrammatic Projections
D. May use in calculation views
E. May contain filters
Answer: A,D,E

NEW QUESTION: 3
For traffic that does match any configured firewall policy, what is the default action taken by the FortiGate?
A. The traffic is blocked and logged.
B. The traffic is blocked and no log is generated.
C. The traffic is allowed and logged.
D. The traffic is allowed and no log is generated.
Answer: B