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Fraley Inc. is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted
Fraley Inc. is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $175,000. The desired ending cash balance is $30,000. The excess (deficiency) of cash available over disbursements for March will be: O $40,000 O $42,000 O $24,000 $215,000
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