What is the amount of the deficiency or excess cash (after considering the minimum cash balance required)for January?
A) excess of $26,700
B) deficiency of $136,700
C) excess of $356,700
D) excess of $60,000

Question

Quizplus · Accepted Answer

To determine the correct answer, we would typically analyze a company's cash budget, which outlines its expected cash inflows and outflows for January, and compare the ending cash balance to the company's minimum required cash balance. The choice indicating an excess of $26,700 suggests that, after accounting for all expected cash receipts and payments during January and comparing the final cash position to the minimum required balance, the company anticipates having $26,700 more than what is minimally required. Without specific numbers from the cash budget, we can't detail the exact calculation, but this answer choice implies a positive cash flow situation where the company's cash management strategies result in a surplus above their minimum threshold.

What Is the Amount of the Deficiency or Excess Cash