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Business, 30.12.2019 22:31 ohgeezy

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:

cash receipts

january $1,061,200
february $1,182,400
march $1,091,700

cash payments

january 984,500
february: 1,210,000
march 1,075,000

what is the amount of cash excess or deficiency (after considering the minimum cash balance required) for march?

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