Force Completion This test can be saved and resumed later ? Moving to another qu

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Force Completion This test can be saved and resumed later ? Moving to another question will save this response. ??Question 17 of 34 Question 17 3 pointsSave for next month and has gathered the following information: Expected cash receipts $39400 disbursements Direct Materials Direct Labor Manufacturing overhead Selling & Admin expenses 12000 $9000 $11500 22000 The beginning cash balance will be $5,000 and the need to borrow to meet its cash needs for the month? A.None of these B. S9.100 C.$14,100 OD.$15,100 ??Question 17 of 34 Moving to another question will save this response.

Explanation / Answer

Beginning Cash balance = $5,000

Add: Expected Receipts = $39,400

Cash available (a)= $44,400

Disbursements:

Direct material = $12,000

Direct labor = $9,000

Manufacturing Overhead = $11,500

Selling and Admin Expenses = $22,000

Expected Total Disbursements (b) = $54,500

Excess(deficiency) = a-b = ($10,100)

Minimum Balance Required at month end (c)= $5,000

Borrowings required = 10100+5000 = $15,100

i.e. D

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