The Bonita Springs weekly cash report shows available cash of $312,000 and a management target of $250,000. What status should be reported?
Correct Answer
C) cash above target
Cash status compares available cash with the management target.
Why This Is the Correct Answer
Cash status compares available cash with the management target.
Why the Other Options Are Wrong
Option A: bond form missing
bond form missing puts the item in the wrong financial bucket, timing, base, or comparison for cash target status.
Option B: vendor file inactive
vendor file inactive puts the item in the wrong financial bucket, timing, base, or comparison for cash target status.
Option D: insurance audit closed
insurance audit closed puts the item in the wrong financial bucket, timing, base, or comparison for cash target status.
Memory Technique
Compares and available live in different drawers; Controller Reviews tells which opens.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Cash Management Reporting; use the stated business record or control rule to verify the answer.
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