A company is preparing completing their Cash Budget. The following data has been prepared for Cash Receipts and payments. January February March Cash Receipts $1,061,200 $1,182,400 $1,091,700 Cash Payments $984,500 $1,210,000 $1,075,000 The company's cash balance at January 1st is $290,000. This company desires a minimum cash balance of $340,000. What is the amount of excess cash or deficiency of
cash (after considering the minimum cash balance required) for March?
A) $214,200 excess
B) $15,800 excess
C) $60,000 deficiency
D) $25,300 excess
B
You might also like to view...
Leadership is the ability to ______ employees to pursue organizational goals.
A. force B. reward C. request D. influence E. compensate
Answer the following statements true (T) or false (F)
1. In a vertical analysis of the balance sheet, each line item is shown as a percentage of stockholders' equity. 2. Vertical analysis involves comparing an amount for a line item in the financial statements with a corresponding amount for the line item of the previous year. 3. In a vertical analysis of the income statement, each line item is shown as a percentage of net income. 4. Martin Company's cost of goods sold is 40% of net sales revenue. This means that for every $1 of net sales revenue, Martin has $0.60 of gross profit. 5. In 2018, Spirit Company's net income was 10% of net sales revenue. In 2019, the net income was 5% of net sales revenue. There is no need for investors to be alarmed because a drop from 10% to 5% is not significant.
Clyde enters Desert Decathlon, an athletic competition in which Clyde has often competed. Regarding the risk of injury, Clyde assumes the risks
A. attributable to the Decathlon in any way. B. different from the risks normally associated with the Decathlon. C. greater than the risks normally associated with the Decathlon. D. normally associated with the Decathlon.
Compare and contrast the linear, open-system model of organization change with the nonlinear complexity model of organization change.
What will be an ideal response?