Payne Companies $~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\text{CACH BUDGET}\
\begin{array}{|l|l|l|l|}
\hline &\text{Company A}&\text{Company B}&\text{Company C}\
\hline \text{ Beginning cash balance } & \$ 100 & \$ 300 & \$ 700 \
\hline \text{ Cash collections }& ? & 400 & ? \
\hline \text{ Cash disbursements }& 500 & ? & 600 \
\hline \text{ Cash excess (shortage) }& ? & ? & 400 \
\hline \text{ Borrowing (repayments)} & 300 & 100 & ? \
\hline \text{ Ending cash} & 200 & 200 & 100 \
\hline\
\end{array}$ Refer to Payne Companies.For Company B,what are the budgeted cash disbursements?

Question

Payne Companies $~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\text{CACH BUDGET}\
\begin{array}{|l|l|l|l|}
\hline &\text{Company A}&\text{Company B}&\text{Company C}\
\hline \text{ Beginning cash balance } &  \$ 100  & \$ 300  &  \$ 700  \
\hline \text{ Cash collections }& ?  & 400 &  ? \
\hline \text{ Cash disbursements }& 500 &  ?  & 600 \
\hline \text{ Cash excess (shortage) }& ?  & ? & 400 \
\hline \text{ Borrowing (repayments)} & 300 & 100 &  ?  \
\hline \text{ Ending cash} & 200 & 200 & 100 \
\hline\
\end{array}$ Refer to Payne Companies.For Company B,what are the budgeted cash disbursements?

Quizplus · Accepted Answer

The ending cash balance for Company B is $200. Starting with a beginning balance of $300, adding cash collections of $400, and subtracting cash disbursements, the equation is $300 + $400 - Disbursements = $200. Solving for disbursements gives $500.

Payne Companies Refer to Payne Companies