Southland Company is preparing a cash budget for August. The company has $17,500 cash at the beginning of August and anticipates $121,800 in cash receipts and $135,000 in cash payments during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is:

Riff, Incorporated is working on its cash budget for June. The budgeted beginning cash balance is $17,000. Budgeted cash receipts total $189,000 and budgeted cash disbursements total $188,000. The desired ending cash balance is $42,000. The excess (deficiency) of cash available over disbursements for June will be:Multiple Choice$1,000.$206,000.$18,000.$16,000.

Madison Corporation's expected beginning cash balance is $35,000. Cash collections are budgeted at $50,000 and cash disbursements are estimated to be $80,000. The minimum required cash balance is $20,000 and the company can borrow as much as needed in increments of $10,000. Calculate the expected ending cash balance for the month.Multiple choice question.$20,000$25,000$5,000

The Arkansas Company makes and sells a product called Product K. Each unit of Product K sells for $25 and has a unit variable cost of $16. The company has the following budgeted data for November:Sales of $1,160,200, all in cash.A cash balance on November 1 of $40,000.Cash disbursements (other than interest) during November of $1,168,000.A minimum cash balance on November 30 of $48,000.If necessary, the company will borrow cash from a bank. The borrowing will be in multiples of $1,000 and will bear interest at 2% per month. All borrowing will take place at the beginning of the month. The November interest will be paid in cash during November.The amount of cash needed to be borrowed on November 1 to cover all cash disbursements and to obtain the desired November 30 cash balance is:Note: Round up your answer to nearest multiple of $1,000.Multiple Choice$17,000.$32,000.$16,000.$31,000.

If the opening balance of cash for April is $20,000, cash receipts are estimated to be $398,000 and cash payments are estimated as $300,000, the opening cash balance at the beginning of May is:  A. $118,000   B. $109,000  C. $69,000  D. $20,000

ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April, expected cash receipts are $45,000. Expected cash disbursements during the month total $52,000. What amount will the company need to borrow during April?Multiple Choice$8,000$6,000$4,000$2,000