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. 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 Quarter 1 Quarter 2 (000 omitted) (000 omitted) $ 6 71 35 8 2 (2) 45 30 8 2 85 Quarter 3 (000 omitted) 96 30 10 2 11 Quarter 4 (000 omitted) 35 2 Year (000 omitted) 323 113 36

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Exercise 8-11 (Static) 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 at
least $5,000 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 i
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.
Quarter 1
(000 omitted)
$
6
71
35
8
2
(2)
Quarter 2
(000 omitted)
45
30
8
2
85
15
Quarter 3
(000 omitted)
96
30
10
2
11
Quarter 4
(000 omitted)
35
2
(17)
Year (000
omitted)
323
113
36
Transcribed Image Text:Exercise 8-11 (Static) 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 at least $5,000 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 i 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. Quarter 1 (000 omitted) $ 6 71 35 8 2 (2) Quarter 2 (000 omitted) 45 30 8 2 85 15 Quarter 3 (000 omitted) 96 30 10 2 11 Quarter 4 (000 omitted) 35 2 (17) Year (000 omitted) 323 113 36
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