Assume a merchandising company provides the following information from its master budget for the month of May:

Cash balance, May 1	$ 20,000
Cash collections from customers	$ 80,000
Cash disbursements for merchandise purchases	$ 35,000
Cash disbursements for selling and administrative expenses	$ 40,000
Depreciation included in the selling and administrative expense budget	$ 5,000

Based solely on the information provided, what is the companys excess (deficiency) of cash available over disbursements at the end of May?

Multiple Choice:

• $30,000 Incorrect

• $15,000

• $20,000Incorrect

• $25,000