Crose Inc. is working on its cash budget for November. The budgeted beginning cash balance is $22,000. Budgeted cash receipts total $118,000 and budgeted cash disbursements total $116,000. The desired ending cash balance is $40,000.
-The excess (deficiency) of cash available over disbursements for November will be:
A) $2,000
B) $20,000
C) $24,000
D) $140,000
Correct Answer:
Verified
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