Wriston Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be $15,000. Budgeted cash disbursements are $72,500, while budgeted cash receipts are $89,600. Wriston Company wants to have an ending cash balance of $30,000. The excess (deficiency)of cash available over disbursements for the month would be

Question

Quizplus · Accepted Answer

The excess of cash available over disbursements is calculated as follows: Beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements = $15,000 + $89,600 - $72,500 = $32,100.

Wriston Company Is Preparing Its Cash Budget for the Upcoming