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Hedlon Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be $12,000. Budgeted cash
Hedlon Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be $12,000. Budgeted cash disbursements are $76,500, while budgeted cash receipts are $86,900. Hedlon Company wants to have an ending cash balance of $15,000. The excess (deficiency) of cash available over disbursements for the month would be O A. $22,400 OB. $91,500 OC. $175,400 OD. $(22,400)
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