Upton Products Inc. would like to prepare a summary cash budget for the first quarter of 2013. The following information regarding operating activities from the cash receipts and cash disbursements budgets are available: The following information is also available:
What is the cash balance at the end of March expected to be?
A) $(1,000)
B) $ 0
C) $ 1,000
D) $ 2,000

Question

Upton Products Inc. would like to prepare a summary cash budget for the first quarter of 2013. The following information regarding operating activities from the cash receipts and cash disbursements budgets are available:  The following information is also available:
 What is the cash balance at the end of March expected to be?
A) $(1,000) 
B) $ 0 
C) $ 1,000 
D) $ 2,000

Quizplus · Accepted Answer

The Answer of Upton Products Inc. would like to prepare a summary cash budget for the first quarter of 2013. The following information regarding operating activities from the cash receipts and cash disbursements budgets are available:  The following information is also available:
 What is the cash balance at the end of March expected to be?
A) $(1,000) 
B) $ 0 
C) $ 1,000 
D) $ 2,000