A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $6,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Quarter (000 omitted) 2 3 4 Year Cash balance, beginning 8. 8 Add collections from customers 59 98 325 Total cash available 67 333 Less disbursements: Purchase of inventory 37 47 29 Selling and administrative expenses 22 30 30 21 103 Equipment purchases 10 12 10 41 Dividends 2 2 8 Total disbursements 70 89 62 Excess (deficiency) of cash available over disbursements (3) 14 Financing Borrowings 15 Repayments (including interest)* (17) Total financing Cash balance, ending "Interest will total $1,000 for the year. down (only allotted a hour) Show 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 at least $6.000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $6,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Quarter (000 omitted) 2 3 4 Year Cash balance, beginning 8. 8 Add collections from customers 59 98 325 Total cash available 67 333 Less disbursements: Purchase of inventory 37 47 29 Selling and administrative expenses 22 30 30 21 103 Equipment purchases 10 12 10 41 Dividends 2 2 8 Total disbursements 70 89 62 Excess (deficiency) of cash available over disbursements (3) 14 Financing Borrowings 15 Repayments (including interest)* (17) Total financing Cash balance, ending "Interest will total $1,000 for the year. down (only allotted a hour) Show 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 at least $6.000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 at least $6,000 to start each quarter. Fill in the missing amounts. (Enter your
answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a
minus sign.)
Quarter (000 omitted)
2
3
4
Year
Cash balance, beginning
8.
8
Add collections from customers
59
98
325
Total cash available
67
333
Less disbursements:
Purchase of inventory
37
47
29
Selling and administrative expenses
22
30
30
21
103
Equipment purchases
10
12
10
41
Dividends
2
2
8
Total disbursements
70
89
62
Excess (deficiency) of cash available over disbursements
(3)
14
Financing
Borrowings
15
Repayments (including interest)*
(17)
Total financing
Cash balance, ending
"Interest will total $1,000 for the year.
down (only allotted a hour)
Show 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 at least $6.000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should
be indicated by a minus sign.)
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