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What is the amount of cash excess or deficiency

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Reference no: EM133141453

Question - A company is preparing its cash budget. Its cash balance on January 1 is $290,000, and it has a minimum cash requirement of $340,000. The following data has been provided:

 

January

February

March

Cash receipts

$1,061,200

$1,182,400

$1,091,700

Cash payments

984,500

1,210,000

1,075,000

Required - What is the amount of cash excess or deficiency (after considering the minimum cash balance required) for March?

Reference no: EM133141453

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