Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $178,000 and budgeted cash disbursements total $177,000. The desired ending cash balance is $43,000. The excess (deficiency) of cash available over disbursements for July will be:

Question

Liana Owens

Business

2 February, 23:31

Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $178,000 and budgeted cash disbursements total $177,000. The desired ending cash balance is $43,000. The excess (deficiency) of cash available over disbursements for July will be:

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Answers (1)

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Charles Yang · Answer 1

Excess of cash available over disbursements for July is $16,000

Explanation:

This can be calculated as follows:

Details Amount ($)

Budgeted beginning cash balance 15,000

Budgeted cash receipts 178,000

Total budgeted cash available 193,000

Budgeted cash disbursements (177,000)

Excess of cash available over disbursements 16,000

Financing ($43,000 - $16,000) 27,000

Ending cash balance 43,000

Therefore, excess of cash available over disbursements for July is $16,000