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please answer asap In the month of August, a firm had total cash receipts of $12,000, total cash disbursements of $8,000, depreciation expense of $3,000,
please answer asap
In the month of August, a firm had total cash receipts of $12,000, total cash disbursements of $8,000, depreciation expense of $3,000, a minimum cash balance of $5,000, and a beginning cash balance of $500. At the end of August, the firm A. had an excess cash balance of $500 B. required total financing of $500 C. had an excess cash balance of $5,500 D. required total financing of $2,500 Step by Step Solution
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