Deshaies corporation is preparing its cash budget for

Reference no: EM13598546

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

Reference no: EM13598546

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