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The beginning cash balance is $$15,500.$ Sales are forecasted at $$880,000$ of which $80\%$ will be on account. Seventy percent of credit sales are expected to be collected in the year of sale. Cash expenditures for the year are forecasted at $$465,000.$ Accounts Receivable from previous accounting periods totaling $$11,000$ will be collected in the current year. The company is required to make a $$16,500$ loan payment and an annual interest payment on the last day of every year. The loan balance as of the beginning of the year is $$95,000,$ and the annual interest rate is $8\%.$

Compute the excess of available cash over cash disbursements.

Excess of available cash over cash disbursements

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