Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $188,000. The desired ending cash balance is $30,000.The excess (deficiency) of cash available over disbursements for January is:
A. $201,000
B. $13,000
C. ($5,000)
D. $23,000
Answer: B
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A company's post-closing trial balance has total debits of $40,560 and total credits of $40,650. Accordingly, the company should review for errors in the closing process.
Answer the following statement true (T) or false (F)
DeBeers sells most of the diamonds it produces to industry. The company controls over 90 percent of the market and has great power over its distributors. In its marketing channel, DeBeers would be considered a:
A. channel authority B. channel member C. channel leader D. channel gatekeeper E. power broker
Fayol recommended the use of ________ to show the position and duties of each employee and to indicate which positions an employee might move to or be promoted to in the future.
A. an organizational chart B. unity of direction C. an initiative analysis D. the critical path method (CPM) E. an extensive career plan
After consulting her company's code of ethics, Vera is still unsure of whether or not the decision she is about to make is ethical. Which of the following actions would be most appropriate?
A. Ask her husband what she would do in this situation. B. Calculate the decision's bottom-line impact and do whatever increases profit the most. C. Determine whether coworkers, suppliers, and customers would approve of the action. D. Go with her gut feeling because Vera considers herself to be an ethical individual. E. Avoid making the decision and any other decision with ethical implications.