Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $46,000. Budgeted cash receipts total $175,000 and budgeted cash disbursements total $174,000. The desired ending cash balance is $50,000. The excess (deficiency) of cash available over disbursements for July will be.

The excess (deficiency) of cash available over disbursements for July will be $47,000

Explanation:

In this question, we are asked to calculate the the excess of cash available over disbursements for the month of July.

We proceed as follows;

The beginning cash balance = $46,000.

The budgeted cash receipts total = $175,000

less:budgeted cash disbursements =-$174,000.

Mathematically,

The excess (deficiency) of cash available over disbursements= (The budgeted cash receipts total - budgeted cash disbursements) + Beginning cash balance

= ($175,000-$174,000) + $46,000 = $1,000 + $46,000 = $47,000

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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