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21 August, 14:19

Cash receipts for January are expected to total $171,000. Cash disbursements for January are expected to be $158,000. The company's minimum desired cash balance is $10,000. It started the period with $35,000. What is the expected cash balance at the end of January

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  1. 21 August, 16:59
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    Expected cash balance = $48000

    Explanation:

    Given

    Cash receipts = 171000

    Cash disbursements = 158000

    Starting period = 35000

    Minimum desired cash balance = 10000

    From the above,

    Cash available = Cash receipts + starting period

    = 171000 + 35000

    = 206000

    Therefore,

    Cash balance at the month end

    = Cash available - Cash disbursements (payments)

    = 206000 - 158000

    = $48000
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