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22 November, 13:54

10. Barbara Inc. is working on its cash budget for June. The budgeted beginning cash balance is $16,000. Budgeted cash receipts total $188,000 and budgeted cash disbursements total $187,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for June will be:

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  1. 22 November, 14:06
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    Answer: $17,000

    Explanation:

    Given that,

    Budgeted beginning cash balance = $16,000

    Budgeted cash receipts total = $188,000

    Budgeted cash disbursements total = $187,000

    Desired ending cash balance = $40,000

    The excess (deficiency) of cash available over disbursements for June will be:

    = Beginning cash balance + Cash receipts - Cash disbursements

    = $16,000 + $188,000 - $187,000

    = $17,000
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