Araka Inc. is working on its cash budget for January 2023. The budgeted beginning cash balance for the month is $85,000.
Posted: Sat May 07, 2022 7:58 pm
Araka Inc. is working on its cash budget for January 2023.
The budgeted beginning cash balance for the month is $85,000.
Budgeted cash receipts total $216,000 and budgeted cash
disbursements total $252,000 during the month. The minimum desired
ending cash balance is $80,000. The excess (deficiency) of cash
available over disbursements for January 2023 will be:
$31,000
$49,000
$80,000
$7,000
The budgeted beginning cash balance for the month is $85,000.
Budgeted cash receipts total $216,000 and budgeted cash
disbursements total $252,000 during the month. The minimum desired
ending cash balance is $80,000. The excess (deficiency) of cash
available over disbursements for January 2023 will be:
$31,000
$49,000
$80,000
$7,000