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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

  • $16,000

  • $14,000

  • $1,000

  • $199,000

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