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QUESTION 9

1. Holland Ltd provided these estimates for the six months ending 31 December.

   Cash receipts from services provided	$60 000
   Cash payments for expenses	40 000
   Payment for purchase of equipment	18 500
   Depreciation of equipment	4 000
   Borrowings from the bank	15 000
   Rent paid in advance	3 000

   The cash balance at 1 July is $13 000.

   The estimated cash balance at 31 December is:

   	a.	surplus of $13 500
   	b.	surplus of $11 000
   	c.	deficit of $15 000
   	d.	surplus of $26 500
   	e.	surplus of $33 000

1 points

QUESTION 10

1. In a cost-volume-profit graph, the break-even point is where:

   	a.	The variable cost line crosses the fixed costs line
   	b.	The total variable costs line crosses the total cost line
   	c.	The total cost line crosses the total revenue line
   	d.	The total revenue line crosses the fixed costs line
   	e.	None of the above is correct