Explain the cash available over disbursements for november, Accounting Basics

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Explain the cash available over disbursements for november

Deshaies Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $10,000. Budgeted cash receipts total $100,000 and budgeted cash disbursements total $104,000. The desired ending cash balance is $30,000.

1. The excess (deficiency) of cash available over disbursements for November is:
A. $110,000
B. $6,000
C. ($4,000)
D. $14,000

2. To attain its desired ending cash balance for November, the company should borrow:
A. $36,000
B. $30,000
C. $24,000
D. $0

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Accounting Basics: Explain the cash available over disbursements for november

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Accounting Basics: Explain the cash available over disbursements for november

Reference No:- TGS0706046

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Explain the cash available over disbursements for november

Reference No:- TGS0706046

Recent Questions Asked Accounting Basics

Q : The two journal entries nugget mining company

Q : How to classify the amounts into proper accounts

Q : Ed summers expects to invest

Q : Methods of revenue recognition is preferable

Q : Explain the cash available over disbursements for november

Q : What is the cost of materials that must be purchased

Q : Cost estimates on a long-term contract

Q : Construct the direct labor budget for the next two months

Q : Accounting for a long-term construction-type contract

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