Griswald Inc. would like to prepare a summary cash budget for the first quarter of 2013. The following information from the cash receipts and cash disbursements budgets are available: The company has a beginning cash balance on January 1, 2013 of $5,000. No other receipts and disbursements in the first quarter are expected. What is the cash balance at the end of March expected to be?
A) $14,000
B) $19,000
C) $ 9,000
D) $34,000

Question

Griswald Inc. would like to prepare a summary cash budget for the first quarter of 2013. The following information from the cash receipts and cash disbursements budgets are available:  The company has a beginning cash balance on January 1, 2013 of $5,000. No other receipts and disbursements in the first quarter are expected. What is the cash balance at the end of March expected to be?
A) $14,000 
B) $19,000 
C) $ 9,000 
D) $34,000

Quizplus · Accepted Answer

The Answer of Griswald Inc. would like to prepare a summary cash budget for the first quarter of 2013. The following information from the cash receipts and cash disbursements budgets are available:  The company has a beginning cash balance on January 1, 2013 of $5,000. No other receipts and disbursements in the first quarter are expected. What is the cash balance at the end of March expected to be?
A) $14,000 
B) $19,000 
C) $ 9,000 
D) $34,000