Sedita Incorporated is working on its cash budget for July. The budgeted beginning cash balance is $20,000. Budgeted cash receipts total $192,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $36,000. The excess (deficiency) of cash available over disbursements for July will be:

Question

Quizplus · Accepted Answer

The excess (deficiency) of cash available over disbursements is calculated as: Beginning cash balance + Cash receipts - Cash disbursements. So, $20,000 + $192,000 - $191,000 = $21,000.

Sedita Incorporated Is Working on Its Cash Budget for July