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Colt1911 [192]
3 years ago
8

Einstein Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be

$10,000. Budgeted cash receipts are $85,000, while budgeted cash disbursements are $66,000. Einstein Company wants to have an ending cash balance of $25,000. The excess (deficiency) of cash available over disbursements for the month would be
Business
1 answer:
sveta [45]3 years ago
3 0

Answer:

$29,000

Explanation:

Calculation would be as follows:

Particular                                   Amount ($)

Beginning Cash                          10,000

Add: Cash Receipt                      85,000

Less: Cash Disbursement          (66,000)

Cash Available                            29,000

Hence, the cash available over disbursement for the month would be $29,000.

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