Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $178,000 and budgeted cash
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $178,000 and budgeted cash disbursements total $177,000. The desired ending cash balance is $43,000. The excess (deficiency) of cash available over disbursements for July will be:
A. $16,000
B. $193,000
C. $1,000
D. $14,000
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Authors: Henry Cheeseman
10th Edition
0134728785, 978-0134728780
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