Bookworm Publishers publishes books and they have gathered the following data for the month of October: DataCash on 8/1 $7,000Expected Cash Collections $350,000Direct Materials Cash Disbursements $62,000Direct Labor Cash Disbursements $45,000MOH Cash Disbursements $43,000Operating Expenses Cash Disbursements $85,000Capital Expenditures Cash Disbursements $125,000Bookworm Publishers requires an ending cash balance of at least $5,000 and can borrow from a line of credit in $1,000 increments. What is the excess or deficiency of cash for October?
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