Question

Excess deficiency…?

Deshaies Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $10,000. Budgeted cash receipts total $100,000 and budgeted cashdisbursements total $104,000. The desired ending cash balance is $30,000.

The excess (deficiency) of cash available over disbursements for November is:
A) $110,000
B) $6,000
C) ($4,000)
D) $14,000

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