A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances Budget AmountsCash$50,000 Accounts Receivable 180,000 Sales $800,000 Cash disbursements 780,000 Depreciation 25,000 Ending accounts receivable balance 210,000 What is the expected cash balance of the company at the end of the coming month? (CIA adapted)
A. $40,000.
B. $70,000.
C. $45,000.
D. $15,000.
Answer: A
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