A cash budget by quarters for the Carney Company is given below (note that some data are missing). Missing data amounts have been keyed with either question marks or lowercase letters (a, b, c, etc.); these lowercase letters will be referred to in the questions that follow. (It may be necessary to calculate a value for items where a question mark appears.) A zero amount is designated by a dash (-). The company requires a minimum cash balance of at least $10,000 to start a quarter. All data are in thousands of dollars.

Carney Corporation
Cash Budget

-What are the total disbursements during the third quarter (item f),in thousands of dollars?
A) $59.
B) $78.
C) $82.
D) $84.

Question

A cash budget by quarters for the Carney Company is given below (note that some data are missing) . Missing data amounts have been keyed with either question marks or lowercase letters (a, b, c, etc.) ; these lowercase letters will be referred to in the questions that follow. (It may be necessary to calculate a value for items where a question mark appears.) A zero amount is designated by a dash (-) . The company requires a minimum cash balance of at least $10,000 to start a quarter. All data are in thousands of dollars.

Carney Corporation
Cash Budget

-What are the total disbursements during the third quarter (item f) ,in thousands of dollars?

Carney Corporation
Cash Budget

-What are the total disbursements during the third quarter (item f),in thousands of dollars?
A) $59. 
B) $78. 
C) $82. 
D) $84.

Quizplus · Accepted Answer

The total disbursements during the third quarter can be calculated by adding the values in the Disbursements column for July, August, and September. $27 + $24 + $31 = $82 (in thousands of dollars). Therefore, the correct answer is choice C.

A Cash Budget by Quarters for the Carney Company Is