Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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 :

ayokenny2001

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

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.