Palmerin Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $30,000. Budgeted cash receipts total $167,000 and budgeted cash disbursements total $171,000. The desired ending cash balance is $50,000.
-The excess (deficiency) of cash available over disbursements for November is:
A) $34,000
B) ($4,000)
C) $26,000
D) $197,000
Correct Answer:
Verified
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