Muecke Inc

Multiple Choice

Muecke Inc. is working on its cash budget for April. The budgeted beginning cash balance is $40,000. Budgeted cash receipts total $150,000 and budgeted cash disbursements total $158,000. The desired ending cash balance is $50,000. The excess (deficiency) of cash available over disbursements for April will be:

A) $32,000
B) $190,000
C) $48,000
D) ($8,000)