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3 June, 05:21

Rogers Corporation is preparing its cash budget for July. The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $141,000 and budgeted cash disbursements total $139,000. The desired ending cash balance is $30,000. The excess (deficiency) of cash available over disbursements for July is: $23,000 $2,000 $166,000 $27,000

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  1. 3 June, 07:23
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    Available cash will be $27000

    So option (d) will be the correct answer

    Explanation:

    We have given opening cash balance = $25000

    Budgeted cash receipts = $141000

    Total cash available = $25000+$41000 = $166000

    Total cash payment = $139000

    We have to find the cash available after outflow

    So available cash after outflow is given by

    Total cash available - total cash payment = $166000-$139000 = $27000

    So option (d) will be the correct answer
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