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. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Cash balance, beginning Quarter (000 omitted) (000 omitted) 1 2 3 4 Year $ 6 Add collections from customers Total cash available 69 Less disbursements: Purchase of inventory 47 57 Selling and administrative expenses 32 Equipment purchases Dividends 12 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. 108 369 31 32 30 98 10 9 22 51 2 2 2 100 (5) 7 6 (13)
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. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Cash balance, beginning Quarter (000 omitted) (000 omitted) 1 2 3 4 Year $ 6 Add collections from customers Total cash available 69 Less disbursements: Purchase of inventory 47 57 Selling and administrative expenses 32 Equipment purchases Dividends 12 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. 108 369 31 32 30 98 10 9 22 51 2 2 2 100 (5) 7 6 (13)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
h1
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 $4,000 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
Quarter (000 omitted)
(000 omitted)
1
2
3
4
Year
$
6
Add collections from customers
Total cash available
69
Less disbursements:
Purchase of inventory
47
57
Selling and administrative expenses
32
Equipment purchases
Dividends
12
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.
108
369
31
32
30
98
10
9
22
51
2
2
2
100
(5)
7
6
(13)
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