Question

Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for March will be:

Answer 1

$24,000

Step-by-step explanation:

Beginning Cash Balance 33,000

Budgeted Cash Receipt 182,000

Total Available Cash 215000

Less: Cash Disbursements -191,000

Total excess (deficiency) of cash available $24,000