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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. 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)

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 $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)
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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