Shannon Companies

Question 104

Question 104

Multiple Choice

Shannon Companies

	CASH BUDGET
	Company A	Company B	Company C
Beginning cash balance	$100	$300	$700
Cash collections	?	400	?
Cash disbursements	500	?	600
Cash excess (shortage)	?	?	400
Borrowing (repayments)	300	100	?
Ending cash	200	200	100

Refer to Shannon Companies.For Company C,what are the budgeted cash collections?

A) $200
B) $300
C) $400
D) $500

Correct Answer:

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Shannon Companies