Your Company is working on its cash budget for July. The budgeted beginning cash balance is $50,000. Budgeted cash receipts total $175,000 and budgeted cash disbursements total $160,000. The desired ending cash balance is $50,000. What is the excess (deficiency) of cash available over disbursements for July? $ 65,000 $210,000 $ 35,000 $ 50,000 $ 15,000
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
|
$ 65,000
|
||
|
$210,000
|
||
|
$ 35,000
|
||
|
$ 50,000
|
||
|
$ 15,000
|
Step by step
Solved in 3 steps
