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A company budgeted cash receipts of $100,000 and cash disbursements of $80,000 for the month. The company had anticipated that $50,000 would be cash received
A company budgeted cash receipts of $100,000 and cash disbursements of $80,000 for the month. The company had anticipated that $50,000 would be cash received from customers who had balances in accounts receivable at the beginning of the month. If the amount received from customers was actually $40,000 (vs. The budgeted $50,000), what would the impact on the company be
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