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A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance $4,000 to start each quarter. Required: Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance $4,000 to start each quarter. Required: Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $4,000 to start each quarter. Required: Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 6 $ 4 $ 4 $ 4 Add collections from customers 63 108 369 Total cash available 69 Less disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements 750 47 57 31 15 32 30 98 10 9 22 51 2 2 2 2 74 100 (5) 7 Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending *Internet will total $1000 for the voor 6 (13)
Transcribed Image Text:A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $4,000 to start each quarter. Required: Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 6 $ 4 $ 4 $ 4 Add collections from customers 63 108 369 Total cash available 69 Less disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements 750 47 57 31 15 32 30 98 10 9 22 51 2 2 2 2 74 100 (5) 7 Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending *Internet will total $1000 for the voor 6 (13)
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