Pixi Boutique will have cash receipts of $57,000 in December and cash disbursements of $51,000 for this month.If its beginning cash is $12,000 and its desired reserve is $9,000,what will its excess be for December?
A) There is no excess but a shortfall.
B) $6,000
C) $9,000
D) $18,000
Correct Answer:
Verified
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