Your Company is working on its cash budget for July. The budgeted beginning cash balance is $50,000. Budgeted cash receipts total $160,000 and budgeted cash disbursements total $175,000. The desired ending cash balance is $50,000. What is the excess (deficiency) of cash available over disbursements for July? OS 65.000 OS 35.000 OS 50.000 O $210.000 OS 15,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Your Company is working on its cash budget for July. The budgeted beginning cash balance is $50,000. Budgeted cash receipts total $160,000 and budgeted cash disbursements total $175,000. The desired ending cash balance is $50,000. What is the excess (deficiency) of cash available over
disbursements for July?
O$ 65.000
O$ 35,000
O$ 50,000
O $210,000
O$ 15,000
Transcribed Image Text:Your Company is working on its cash budget for July. The budgeted beginning cash balance is $50,000. Budgeted cash receipts total $160,000 and budgeted cash disbursements total $175,000. The desired ending cash balance is $50,000. What is the excess (deficiency) of cash available over disbursements for July? O$ 65.000 O$ 35,000 O$ 50,000 O $210,000 O$ 15,000
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