Kulvekowski Company prepares a cash budget. The beginning cash balance is $1,000,000. The budgeted cash balance is $800,000. The company has budgeted cash payments of $500,000 and budgeted cash receipts of $1,400,000. What amount of cash is available for investing?
A) $0
B) $1,900,000
C) $500,000
D) $1,100,000
Correct Answer:
Verified
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