Assume a merchandising company provides the following information from its master budget for the month of...

Transcribed Image Text:

Assume a merchandising company provides the following information from its master budget for the month of May: $ 20,000 S B0,000 $ 35,000 $ 40,000 $ 5,000 Cash balance, May1 Cash collections from customers Cash disbugements for merchandise purchases Cash disbursements for selling and administrative expenses Depreciation included in the selling and administrative expense budget Based solely on the information provided, what is the company's excess (deficiency) of cash avallable over disbursements at the end of May? O $15,000 $30,000 $25,000 $20,000 Assume a merchandising company provides the following information from its master budget for the month of May: $ 20,000 S B0,000 $ 35,000 $ 40,000 $ 5,000 Cash balance, May1 Cash collections from customers Cash disbugements for merchandise purchases Cash disbursements for selling and administrative expenses Depreciation included in the selling and administrative expense budget Based solely on the information provided, what is the company's excess (deficiency) of cash avallable over disbursements at the end of May? O $15,000 $30,000 $25,000 $20,000

Answer rating: 100% (QA)

Cash balance May 1 20000 Cash collections from customers 80000 Total ... View the full answer