What the budgeted Cash Available for the month of February

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Question - Consider the following: Bank balance at 1 January $63,000 (in funds)

Budgeted cash receipts for January $70,000 and February $80,000.Operating expenses are budgeted as December $43,000, January $46,000 and February $29,000.

Operating expenses are paid in cash in the month after they are incurred. Ignore GST.

Depreciation expenses are budgeted as $5,000 per month and are included in the above operating expenses. Based on this information, what the budgeted Cash Available for the month of February?

Reference no: EM133105291

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