Question
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $197,000 and budgeted cash
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $197,000 and budgeted cash disbursements total $196,000. The desired ending cash balance is $43,000. The excess (deficiency) of cash available over disbursements for July will be:
Multiple Choice
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$26,000
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$24,000
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$1,000
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$222,000
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Cost And Management Accounting
Authors: Colin Drury
9th Edition
1473749050, 978-1473749054
