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Rider Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $51,000...

Rider Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $51,000 Budgeted cash collections (cash receipts) total $177,000 and budgeted cash disbursements total $176,000. The company is required to maintain a minimum cash balance of $50,000. What will be the budgeted ending cash balance for the month?
A) $50,000
B) $52,000
C) $2,000
D) $102,000
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Answer #1

Answer B) $52000

Calculated as

Ending Cash Balance = Beginning cash balance + collections - disbursements

= $51000+$177000-$176000

= $52000

Hence answer is $52000

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