QUESTION 1 Griswald Inc would like to prepare a summary cash budget for the first quarter of 2009 The following information from the cash receipts and cash disbursements budgets are available January February March Cash receipts $50,000 $72,000 $80,000 Cash disbursements 42,000 75,000 71,000 The company has a beginning cash balance on January 1, 2009 of $5,000 No other receipts and disbursements in the first quarter are expected What is the cash balance at the end of March expected to be $14,000 $19,000 $ 9,000 $34,000

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Question: QUESTION 1 Griswald Inc. would like to prepare a summary cash budget for the first quarter of 2009. The following information from the cash receipts

QUESTION 1

Griswald Inc. would like to prepare a summary cash budget for the first quarter of 2009. The following information from the cash receipts and cash disbursements budgets are available:

	January	February	March
Cash receipts	$50,000	$72,000	$80,000
Cash disbursements	42,000	75,000	71,000

The company has a beginning cash balance on January 1, 2009 of $5,000. No other receipts and disbursements in the first quarter are expected. What is the cash balance at the end of March expected to be?

		$14,000
		$19,000
		$ 9,000
		$34,000

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