Question: Answer this attachment D Question 20 3.34 pts Dack Company budgeted the following transactions for February Year 3: Sales (75% collected in month of sale)

Answer this attachment

D Question 20 3.34 pts Dack Company budgeted the following transactions for February Year 3: Sales (75% collected in month of sale) $ 400,000 Cash operating expenses 210,000 Cash purchases of investments 150,000 Cash payment of debt 30,000 The beginning cash balance was $100,000. The company desires to have a $50,000 ending cash balance. The surplus (or shortage) of cash before considering any borrowings in February would be: O $40,000 shortage. $80,000 shortage. O There is no cash surplus or shortage. $80,000 surplus. $20,000 shortage Previous Next Not sound 0 17%

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