In a summary cash budget, the total cash available is calculated by:
A) adding the cash receipts and deducting the cash disbursements from the beginning cash balance.
B) adding the cash receipts to the beginning cash balance.
C) adding the cash receipts and borrowings to the beginning cash balance.
D) adding the cash balance before borrowing to interest on line of credit.
B
You might also like to view...
In addition to controls being specific, they may be broad, such as policies regarding a code of ethics
a. True b. False Indicate whether the statement is true or false
What type of auditor is most appropriate for a small, independent retailer?
a. outside auditor b. company department manager c. company specialist d. company founder
A current trend in helping employees grow and develop is that
A) employees are instructed to "sink or swim." B) managers expect schools to take care of all growth and development. C) workers are expected to help coworkers. D) employees are given three months to grow and develop.
John sells some property and the deed reads, "I transfer this property to the Boulder County Rat
Kindness Society so long as it is used to promote kindness to rats, and if it ceases to be so used, then it comes back to the grantor (the seller)" The type of ownership estate created is: A) Fee simple absolute. B) Fee simple defeasible. C) Community property. D) Fee simple subject to remainder. E) Life estate.