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A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash baland of at least $3,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Quarter (000 omitted) (000 omitted) 1. 3 4. Year Cash balance, beginning 2$ 9 Add collections from customers 88 124 431 Total cash available 97 Less disbursements: Purchase of inventory 54 64 30 Selling and administrative expenses 39 45 30 137 Equipment purchases 7 29 55 Dividends 2 Total disbursements 102 120 Excess (deficiency) of cash available over disbursements (5) 12 Financing: Borrowings 12 Repayments (including interest)" (12) Total financing Cash balance, ending *Interest will total $1,000 for the year.

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash baland of at least $3,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Quarter (000 omitted) (000 omitted) 1. 3 4. Year Cash balance, beginning 2$ 9 Add collections from customers 88 124 431 Total cash available 97 Less disbursements: Purchase of inventory 54 64 30 Selling and administrative expenses 39 45 30 137 Equipment purchases 7 29 55 Dividends 2 Total disbursements 102 120 Excess (deficiency) of cash available over disbursements (5) 12 Financing: Borrowings 12 Repayments (including interest)" (12) Total financing Cash balance, ending *Interest will total $1,000 for the 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 at least $3,000 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) (000 omitted) 4. Year Cash balance, beginning 24 Add collections from customers 88 124 431 Total cash available 97 Less disbursements: Purchase of inventory 54 64 30 Selling and administrative expenses 39 45 30 137 Equipment purchases 7 9 29 55 Dividends 2 2 Total disbursements 102 120 Excess (deficiency) of cash available over disbursements (5) 12 Financing: Borrowings 12 Repayments (including interest)* (12) Total financing Cash balance, ending *Interest will total $1,000 for the year.
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 $3,000 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) (000 omitted) 4. Year Cash balance, beginning 24 Add collections from customers 88 124 431 Total cash available 97 Less disbursements: Purchase of inventory 54 64 30 Selling and administrative expenses 39 45 30 137 Equipment purchases 7 9 29 55 Dividends 2 2 Total disbursements 102 120 Excess (deficiency) of cash available over disbursements (5) 12 Financing: Borrowings 12 Repayments (including interest)* (12) Total financing Cash balance, ending *Interest will total $1,000 for the year.
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