Multiple Choice
Riff, Inc. is working on its cash budget for June. The budgeted beginning cash balance is $16,000. Budgeted cash receipts total $188,000 and budgeted cash disbursements total $187,000. The desired ending cash balance is $40,000. The excess (deficiency) of cash available over disbursements for June will be:
A) $15,000.
B) $1,000.
C) $17,000.
D) $204,000.
Correct Answer:
Verified
Correct Answer:
Verified
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