Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8]A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of$3,000 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)23Cash balance, beginning$9Add collections from customers107Total cash available86Less disbursements:(000 omitted)Year379Purchase of inventory465630Selling and administrative expenses3230109Equipment purchases1392153Dividends222299(2)7Total disbursementsExcess (deficiency) of cash available over disbursementsFinancing:BorrowingsRepayments (including interest)*Total financingCash balance, ending"Interest will total $1,000 for the year.7(9)

The cash budget is prepared to record the cash receipts and cash payments during the period. The…

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $3,000 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. Cash balance, beginning 9 Quarter (000 omitted) (000 omitted) Year Add collections from customers 107 379 Total cash available 86 Less disbursements: Purchase of inventory 46 56 30 Selling and administrative expenses 32 Equipment purchases 13 21 30 109 9 21 69 53 Dividends 2 2 2 2 99 (2) 7 Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest) Total financing Cash balance, ending "Interest will total $1,000 for the year. 7 (9)

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $3,000 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. Cash balance, beginning 9 Quarter (000 omitted) (000 omitted) Year Add collections from customers 107 379 Total cash available 86 Less disbursements: Purchase of inventory 46 56 30 Selling and administrative expenses 32 Equipment purchases 13 21 30 109 9 21 69 53 Dividends 2 2 2 2 99 (2) 7 Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest) Total financing Cash balance, ending "Interest will total $1,000 for the year. 7 (9)

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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Am. 1113.
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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 at least $8,000 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. Cash balance, beginning Add collections from customers Total cash available Less disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending *Interest will total $1,000 for the year. $ 1 S 70 42 14 2 (8) Quarter (000 omitted) 2 3 52 32 8 2 94 10 103 30 17 2 14 4 34 2 (21) (000 omitted) Year 347 103 49
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $7,000 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) 4 (000 omitted) Year 1 2 Cash balance, beginning $ 7 Add collections from customers 105 378 Total cash available 91 Less disbursements: Purchase of inventory 44 54 28 Selling and administrative expenses 32 30 124 Equipment purchases 8 8 19 45 Dividends 2 2 2 2 Total disbursements Excess (deficiency) of cash available over disbursements 96 (2) 12 Financing: Borrowings Repayments (including interest) Total financing Cash balance, ending "Interest will total $1,000 for the year. 8 (13)
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