A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $4,000 to start each quarter. 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) 1 2 3 4 (000 omitted) Year Cash balance, beginning $ 7 Add collections from customers 109 392 Total cash available 89 Less disbursements: Purchase of inventory 48 58 32 Selling and administrative expenses 45 30 127 Equipment purchases 11 9 23 53 Dividends 2 2 2 2 Total disbursements Excess (deficiency) of cash available over 114 (2) 7 disbursements Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending "Interest will total $1,000 for the year. 18 (22)

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $4,000 to start each quarter. 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) 1 2 3 4 (000 omitted) Year Cash balance, beginning $ 7 Add collections from customers 109 392 Total cash available 89 Less disbursements: Purchase of inventory 48 58 32 Selling and administrative expenses 45 30 127 Equipment purchases 11 9 23 53 Dividends 2 2 2 2 Total disbursements Excess (deficiency) of cash available over 114 (2) 7 disbursements Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending "Interest will total $1,000 for the year. 18 (22)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Data: So 101; X= 114; 1+r= 1.12. The two possibilities for sr are 143 and 85.
6. Period costs include selling and administrative expenses.
PLEASE ANSWER PO AND SHOW SOLUTION
Required information The Foundational 15 [LO4-1, LO4-2, LO4-3, L04-4, LO4-5] [The following information applies to the questions displayed below.] Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method of process costing. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June): Work in Process-Mixing Department Completed and transferred to Finished June 1 balance 28,000 ? Goods Materials 120,000 79,500 97,000 Direct labor Overhead June 30 balance The June 1 work in process inventory consisted of 5,000 units with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 50% complete with respect to conversion. During June, 37,500 units were started into production. The June 30…
Calculate: D where D=5.96, and r=0.029
how do you know materials per unit is 3 and not 2
.......................................................................................... The length of the maximum payback period depends on: Select one: a. profits from projects only b. The type of project and the financial situation of the company c. size of projects and companies d. complexity of projects
typing clear
7. How is direct material cost per equivalent unit calculated?
b. Discuss the effect on c and p, when there is an increase in: i. So ii. iii. O K
Q. 2 (b1)
What is float ? How float can be reduced mention any 6 to 10 ways