Sedita Incorporated is working on its cash budget for July. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $175,000 and budgeted cash disbursements total $174,000. The desired ending cash balance is $50,000. 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 plus cash receipts minus cash disbursements: $46,000 + $175,000 - $174,000 = $47,000.

Sedita Incorporated Is Working on Its Cash Budget for July