Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $167,000. The desired ending cash balance is $50,000.
-The excess (deficiency) of cash available over disbursements for November will be:
A) $34,000
B) $201,000
C) $10,000
D) $14,000
Correct Answer:
Verified
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