Question

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

Answer 1

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.