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Q5. Einstein Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be $10,000. Budgeted cash receipts are $85,000, while budgeted cash disbursements are $66,000. Einstein Company wants to have an ending cash balance of $25,000. The excess (deficiency) of cash available over disbursements for the month would be:

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Answer:

There would be in the month an excess cash available of $29,000.

Explanation:

In order to calculate the excess (deficiency) of cash available over disbursements for the month, first we have to calculate the total cash.

Total cash=  beginning cash balance+cash receipts

               =$10,000+$85,000

               =$95,000

There are budgeted cash disbursements of $66,000, so $95,000-$66,000=$29,000, hence there would be in the month an excess cash available of $29,000.

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