meducation.com/ext/map/index.html?_con%3con&external_browser%3D0&launchUrl=https%253A%252F%252FIM..mheducation.com%252FmghmSavedHelpSa2 & 14 Recap iA cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of atleast $8,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies andRepayments should be indicated by a minus sign.)Quarter (000 omitted)(000 omitted)234YearCash balance, beginning9Add collections from customers99348Total cash available87Less disbursements:ncesPurchase of inventory384830Selling and administrative expenses3030121Equipment purchases10101343Dividends22Total disbursements90Excess (deficiency) of cash available over disbursements(2)16Financing:Borrowings14Repayments (including interest)*(17)Total financingCash balance, ending"Interest will total $1,000 for the year.< Prev5 of 15 ENext >9.78.

Cash budget is prepared to estimate the flow of cash whether inflow or outflow in a business for a specified period of time. It helps the management to check if there is sufficient amount of cash available to the firm. It considers cash receipts and cash disbursements from different activities. It is generally prepared on monthly basis. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $9* 8 8 8 9 Add collections from customers 78 76 99* 95 348* Total cash available 87* 84 107 103 357 Less disbursements: Purchase of inventory 38* 48* 46 30* 162 Selling and administrative expenses 39 30* 30* 22 121* Equipment purchases 10* 10* 13* 10 43* Dividends 2* 2* 2* 2* 8 Total disbursements 89 90* 91 64 334 Excess/Deficiency (2)* (6) 16* 39 23 Financing: Borrowings 10 14* 0 0 24 Repayments (including interest) 0 0 (8) (17)* (25) Total financing 10 14 (8) (17) (1) Cash balance, ending 8 8 8 22 22 *Interest will total $1,000 for the year *Given

Business

Accounting

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. 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) 2. Year Cash balance, beginning Add collections from customers Total cash available %24 6. 99 348 87 Less disbursements: ices Purchase of inventory 38 48 30 Selling and administrative expenses 30 30 121 Equipment purchases 10 10 13 43 Dividends 2 2 Total disbursements Excess (deficiency) of cash available over disbursements Financing: 90 (2) 16 Borrowings 14 Repayments (including interest) (17) Total financing Cash balance, ending "Interest will total $1,000 for the year. < Prev 5 of 15 raw Next > 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. 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) 2. Year Cash balance, beginning Add collections from customers Total cash available %24 6. 99 348 87 Less disbursements: ices Purchase of inventory 38 48 30 Selling and administrative expenses 30 30 121 Equipment purchases 10 10 13 43 Dividends 2 2 Total disbursements Excess (deficiency) of cash available over disbursements Financing: 90 (2) 16 Borrowings 14 Repayments (including interest) (17) Total financing Cash balance, ending "Interest will total $1,000 for the year. < Prev 5 of 15 raw Next > 2.

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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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)