Payne Companies Refer to Payne Companies

question 98

Multiple Choice

Payne Companies $~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\text{CACH BUDGET}\\\begin{array}{|l|l|l|l|}\hline &\text{Company A}&\text{Company B}&\text{Company C}\\\hline \text{ Beginning cash balance } & \$ 100 & \$ 300 & \$ 700 \\\hline \text{ Cash collections }& ? & 400 & ? \\\hline \text{ Cash disbursements }& 500 & ? & 600 \\\hline \text{ Cash excess (shortage) }& ? & ? & 400 \\\hline \text{ Borrowing (repayments) } & 300 & 100 & ? \\\hline \text{ Ending cash} & 200 & 200 & 100 \\\hline\\\end{array}$ Refer to Payne Companies.For Company B,what are the budgeted cash disbursements?

• A)$600
• B)$700
• C)$500
• D)$400

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