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Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $13,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $181,000. The desired ending cash balance is $35,000. The excess (deficiency) of cash available over disbursements for July will be:

Sagot :

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Answer:

$14,000

Explanation:

Given the above information,

the excess cash available for Disbursement in July is computed as;

= Budgeted cash receipts total - Budgeted cash disbursement total + Budgeted beginning cash balance

= $182,000 - $181,000 + $13,000

= $14,000

Therefore, the excess(deficiency) of cash available over disbursement in July will be $14,000

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