Pancake Castle will have cash receipts of $75,000 in June and cash disbursements of $40,000 for this month.If its beginning cash is $8,000 and its desired reserve is $10,000,what will its excess be for April?
A) There is no excess but a shortfall.
B) $8,000
C) $25,000
D) $33,000
Correct Answer:
Verified
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