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, $95,000.
Cash receipts from sales, $418,000.
Budgeted cash disbursements for purchases, $273,000.
Budgeted cash disbursements for salaries, $96,000.
Other budgeted cash expenses, $58,000.
Cash repayment of bank loan, $33,000.
Budgeted depreciation expense, $35,000.
A. $111,000.
B. $86,000.
C. $76,000.
D. $53,000.

D. $53,000.

Explanation:

The computation of the ending cash balance is shown below:

Beginning cash balance$95,000

Add: Receipts  

Cash sales  $418,000

Total cash receipts (a) $513,000

Deduct: Payments:  

Cash payment for purchases -$273,000

 Cash payment for salaries -$96,000

Other cash expenses -$58,000

Repayment of bank loan -$33,000

Total cash payments (b)$460,000

Net receipts /( payments) (a) - (b)$53,000

The correct answers are:

C. Predicted eclipses and developed a 365-day calendar.

Aztecs had two calendars, one was Xiuhpohualli, of 365 days, the other was Tonalpohualli, of 260 days. Astronomy was very well developed in the Aztec society, most priests studied the movements of celestial bodies to the point of getting a very accurate prediction of lunar and solar eclipses.

D. Practiced human sacrifice to keep Huitzilopochtli strong.

Huitzilopochtli was the Aztec god of war and it was linked to the sun. It was a tradition to make human sacrifices every 52 years in order to give him strength in his daily battle against the forces of the darkness, so the sun could shine again for the following 52 years.