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Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $184,000 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 $184,000 and budgeted cash disbursements total $183,000. The desired ending cash balance is $31,000. The excess (deficiency) of cash available over disbursements for July will be:
Multiple Choice
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$16,000
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$14,000
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$1,000
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$199,000
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