Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $178,000 and budgeted cash disbursements total $177,000. The desired ending cash balance is $43,000. The excess (deficiency) of cash available over disbursements for July will be:

$ 16000

Explanation:

The excess ( deficiency ) of cash available over disbursements for July = beginning cash balance + budgeted cash receipts total - budgeted cash disbursements total = $ 15000 + $ 178000 - $ 177000 = $ 16000

Excess of cash available over disbursements for July is $16,000

Explanation:

This can be calculated as follows:

Details                                                                 Amount ($)

Budgeted beginning cash balance                         15,000

Budgeted cash receipts                                         178,000

Total budgeted cash available                              193,000

Budgeted cash disbursements                             (177,000)

Excess of cash available over disbursements      16,000

Financing ($43,000 − $16,000)                               27,000

Ending cash balance                                                43,000

Therefore, excess of cash available over disbursements for July is $16,000

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