Question
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $28,000. Budgeted cash receipts total $200,000 and budgeted cash
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $28,000. Budgeted cash receipts total $200,000 and budgeted cash disbursements total $199,000. The desired ending cash balance is $49,000. The excess (deficiency) of cash available over disbursements for July will be:
A. $29,000
B $1,000
C $27,000
D $228,000
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
1st Edition
0131109391, 978-0131109391
