Question
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $190,000 and budgeted cash
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $190,000 and budgeted cash disbursements total $189,000. The desired ending cash balance is $32,000. The excess (deficiency) of cash available over disbursements for July will be:
Multiple Choice
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$19,000
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$17,000
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$1,000
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$208,000
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel G. Short
3rd Edition
0072458836, 978-0072458831
