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
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Vinubhai 

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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