X hits on this document

PDF document

BA213_Answer.key.Review.Test2.pdf - page 14 / 22

155 views

0 shares

0 downloads

0 comments

14 / 22

  • 25.

    The excess (deficiency) of cash available over disbursements for March will be:

    • a.

      $215,000

    • b.

      $42,000

    • C.

      $24,000

    • d.

      ($9,000)

Excess cash available over disbursements = Beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements = $33,000 + $182,000 - $191,000 = $24,000

  • 26.

    To attain its desired ending cash balance for March, the company needs to borrow:

    • a.

      $40,000

    • b.

      $0

    • C.

      $16,000

    • d.

      $64,000

Excess cash available over disbursements = Beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements = $33,000 + $182,000 - $191,000 = $24,000 Borrowing = Desired ending cash balance - Excess cash available over disbursements = $40,000 - $24,000 = $16,000

Document info
Document views155
Page views177
Page last viewedTue Dec 06 11:45:25 UTC 2016
Pages22
Paragraphs452
Words2992

Comments