Which of the following statements regarding capital expenditures is incorrect? O Installment payments related to the purchase of short-term assets are included in the capital expenditures budget. The decision to purchase long-term assets is part of a strategic plan. O Capital expenditures include delivery trucks, computer systems, and manufacturing equipment Capital expenditures are purchases of long-term assets. QUESTION 11 Berman Company is preparing its budget for the third quarter. Cash balance on July 31 was $34,000. Assume there is no minimum balance of cash required and no borrowing is undertaken. Additional budgeted data are provided here: July $50,000 Aug $54,000 Sep $54,000 Cash collections Cash payments Purchases of direct materials Operating expenses Capital expenditures Calculate the projected balance of cash at the end of August. $16,000 24,000 33,000 10,000 18,000 34,000 16,000 22,000 21,000 7000 $104,000 $45,000 $38,000 Which of the following may pay dividends? O preferred stock Treasury bills investors O notes payable QUESTION 13 A security is a system aimed at protecting the interests of the market participants process related to the valuation of a financial instrument regulation dealing with the transaction of investments share or interest representing financial value