In the Month of August, a Firm Had Total Cash

question 107

Multiple Choice

In the month of August, a firm had total cash receipts of $10,000, total cash disbursements of $8,000,depreciation expense of $1,000, a minimum cash balance of $3,000, and a beginning cash balance of$500. for August is

• A) required total financing of $2,500.
• B) required total financing of $500.
• C) excess cash balance of $500.
• D) excess cash balance of $5,500.

---

Definitions:

Broker

An individual or entity that acts as an intermediary, facilitating transactions between two or more parties.

Needed Services

Essential services required to meet the basic or specific needs of individuals or communities, such as healthcare, education, or waste management.

Intervention Role

The active effort to bring about change or provide assistance in a situation, often related to health, social, or educational services.

Community Resources

Various supports, services, and facilities available within a community that contribute to the well-being of its members.