Acompany is preparing its cash budget. its cash balance on january 1 is $290,000 and it has a minimum cash requirement of $340,000. the following data has been provided: january february march cash receipts $1,061,200 $1,182,400 $1,091,700 cash payments 984,500 1,210,000 1,075,000 what is the amount of cash excess or deficiency (after considering the minimum cash balance required) for february? a. deficiency of $900 b. excess of $10,900 c. deficiency of $109,100 d. excess of $109,100

The correct option here is A) deficiency of $900.

Explanation:

Here we can take out whether there is excess or deficiency by adding cash receipts in to opening or given balance of cash , with subtracting cash payments from the total of opening and cash receipts balance. After this we will check this ending balance with he minimum required balance to see whether there is excess or deficiency of cash balance in the month of February. For taking out the opening balance of February , we need to take out the ending balance of January.

Particulars                                  January                 February        

Opening balance                      $290,000              $366,700  

Cash receipts (+)                      $1061,200              $1182,400

Cash payments (-)                    $984,500               $1210,000

Ending balance                        $366,700               $339,100

Balance to be maintained       $340,000               $340,000

EXCESS / DEFICIENCY             $26,700                 - $900

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

1. c

2. b

3. a

4. c

5. a

6. b

7. c

8. c

9.b

10. d

just took it 100%