Use the Following Information to Determine the Ending Cash Balance

question 151

Multiple Choice

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.
A. Beginning cash balance on June 1, $94,000.
B. Cash receipts from sales, $413,000.
C. Budgeted cash disbursements for purchases, $268,000.
D. Budgeted cash disbursements for salaries, $95,000.
E. Other budgeted expenses, $57,000.
F. Cash repayment of bank loan, $32,000.
G. Budgeted depreciation expense, $34,000.

• A) $55,000.
• B) $21,000.
• C) $87,000.
• D) $112,000.
• E) $78,000.

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Definitions:

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The belief that personal attributes, such as intelligence or talent, can be developed or improved over time through effort and perseverance.

Learning-Oriented Goals

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