Hodkiewicz Limited is preparing a cash budget and estimates the following information for the coming period:...

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Hodkiewicz Limited is preparing a cash budget and estimates the following information for the coming period: Beginning cash balance: Cash receipts: Total available cash: Cash disbursements: $36,000 $105,000 $141,000 $139,000 Required minimum cash balance: What is the cash excess (deficiency) for the period? $(16,000) deficiency $20,000 excess $18,000 $280,000 excess $2,000 excess Hodkiewicz Limited is preparing a cash budget and estimates the following information for the coming period: Beginning cash balance: Cash receipts: Total available cash: Cash disbursements: $36,000 $105,000 $141,000 $139,000 Required minimum cash balance: What is the cash excess (deficiency) for the period? $(16,000) deficiency $20,000 excess $18,000 $280,000 excess $2,000 excess

Answer rating: 100% (QA)

The cash excess or deficiency for the period can be calculated by subtracting th... View the full answer