Question 9 of 10 > View Policies -/1 # 1 Current Attempt in Progress The beginning cash balance is $16.500. Sales are forecasted at $860,000 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 $460,000. Accounts Receivable from previous accounting periods totaling $10,900 will be collected in the current year. The company is required to make a $18,000 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 10% Compute the excess of available cash over cash disbursements. Excess of available cash over cash disbursements $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer