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Find the excess of cash available over disbursements

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Question 1: 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:

A. $16,000

B. $193,000

C. $1,000

D. $14,000

Reference no: EM132610604

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