Valley Farm Supply started the period with $155,000 cash. Cash receipts for January were expected to total $530,000. Cashdisbursements for January were expected to be $440,000. What is the expected cash balance at the end of January?Multiple Choice$440,000$530,000$245,000$155,000

The cash budget helps to estimate the ending cash balance for the given period. The cash receipts…

Answered: Valley Farm Supply started the period…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9EA: Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale,...

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Valley Farm Supply started the period with $155,000 cash. Cash receipts for January were expe- disbursements for January were expected to be $440,000. What is the expected cash balance a Multiple Choice O O O $440,000 $530,000 $245,000 $155,000