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Your Company is working on its cash budget for July. The budgeted beginning cash balance...

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Accounting

Your Company is working on its cash budget for July. The budgeted beginning cash balance is $50,000. Budgeted cash receipts total $160,000 and budgeted cash disbursements total $175,000. The desired ending cash balance is $50,000. What is the excess (deficiency) of cash available over disbursements for July?

a. $ 65,000

b. $ 15,000

c. $210,000

d. $ 35,000

$ 50,000

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