Current Attempt in Progress

The beginning cash balance is $$17,500.$ Sales are forecasted at $$830,000$ of which $80\%$ will be on account. Seventy percent of credit

sales are expected to be collected in the year of sale. Cash expenditures for the year are forecasted at $$465,000.$ Accounts Receivable

from previous accounting periods totaling $$11,200$ will be collected in the current year. The company is required to make a $$15,000$

loan payment and an annual interest payment on the last day of every year. The loan balance as of the beginning of the year is

$$100,000,$ and the annual interest rate is $9\%.$

Compute the excess of available cash over cash disbursements.

Excess of available cash over cash disbursements