Varughese Incorporated Is Working on Its Cash Budget for March

question 272

Multiple Choice

Varughese Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000.The excess (deficiency) of cash available over disbursements for March will be:

• A) $215,000
• B) $42,000
• C) $24,000
• D) ($9,000)

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