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For​ August, Bletchley Blinds will have cash receipts of​ $97,000 and cash disbursements of​ $108,000. If its beginning cash is​ $5,000 and its desired reserve is​ $2,000, what will be its shortfall in cash for the​ month?

Respuesta :

Answer:

$8,000

Explanation:

The cash balance is computed as follows.

Opening balance, 5,000

Less desired reserve, (2,000)

Cash available for use = 3,000

Add cash receipts, 97.000

Less cash disbursements, (108.000)

Net balance = (8,000)

There, cash shortfall at the end of the month is $8,000.

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