The following table shows the cash schedule of XYZ Co for the first quarter of 2021:
XYZ has an opening cash balance of $23,000 for the month of January. The budgeted ending cash balance at the end of the quarter will be
A) $188,000.
B) $226,000.
C) $394,000.
D) $499,000.

Question

The following table shows the cash schedule of XYZ Co for the first quarter of 2021:
 XYZ has an opening cash balance of $23,000 for the month of January. The budgeted ending cash balance at the end of the quarter will be
A) $188,000. 
B) $226,000. 
C) $394,000. 
D) $499,000.

Quizplus · Accepted Answer

Budgeted ending cash balance at the end of the quarter = $188,000. See additional explanation below:
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The Following Table Shows the Cash Schedule of XYZ Co