A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Quarter 2 3 4 Year Cash balance, beginning.... Add collections trom customers $ ? $ ? $ 6 $ ? $ ? 323 ....... ..... ... 96 - Total cash available.. Less disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends .. 71 35 45 35 30 30 113 8. 8 10 36 Total disbursements 85 Excess (deticiency) of cash available over disbursements. Financing: Borrowings... Repayments (including interest)" Total financing. (2) ? 15 (2) (17) (2) Cash balance, ending $ ? $ ? $ ? $ ? *Interest wil 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 balance of at least $5,000 to start each quarter. Quarter 2 3 4 Year Cash balance, beginning.... Add collections trom customers $ ? $ ? $ 6 $ ? $ ? 323 ....... ..... ... 96 - Total cash available.. Less disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends .. 71 35 45 35 30 30 113 8. 8 10 36 Total disbursements 85 Excess (deticiency) of cash available over disbursements. Financing: Borrowings... Repayments (including interest)" Total financing. (2) ? 15 (2) (17) (2) Cash balance, ending $ ? $ ? $ ? $ ? *Interest wil total $1,000 for the year.

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 $4,000 to start each quarter. Required: Fill in the missing amounts. (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 6 69 47 10 2 (5) Quarter (000 omitted) 2 3 57 32 9 2 100 6 108 30 22 2 7 4 31 2 (13) (000 omitted) Year 369 98 51
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Am. 1113.
Hardev
A-2
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)
3. Cash collection for month of February. SHOW WORK.