Exercise 8-11 (Algo) 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$3,000 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, beginningAdd collections from customersTotal cash availableLess disbursements:Quarter (000 omitted)(000 omitted)234Year894110400Purchase of inventory4949593333Selling and administrative expenses4530130Equipment purchases1292455Dividends2222Total disbursements115Excess (deficiency) of cash available over(1)5disbursementsFinancing:BorrowingsRepayments (including interest) *Total financingCash balance, ending*Interest will total $1,000 for the year.17(20)

Ending cash balance is based on Beginning cash balance plus Cash receipts less Cash disbursements…

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $3,000 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) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 8 Add collections from customers 110 400 Total cash available 94 Less disbursements: Purchase of inventory 49 59 33 Selling and administrative expenses 45 30 130 Equipment purchases 12 9 24 55 Dividends 2 2 2 2 Total disbursements 115 Excess (deficiency) of cash available over (1) 5 disbursements Financing: Borrowings 17 Repayments (including interest)* Total financing Cash balance, ending *Interest will total $1,000 for the year. (20)

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $3,000 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) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 8 Add collections from customers 110 400 Total cash available 94 Less disbursements: Purchase of inventory 49 59 33 Selling and administrative expenses 45 30 130 Equipment purchases 12 9 24 55 Dividends 2 2 2 2 Total disbursements 115 Excess (deficiency) of cash available over (1) 5 disbursements Financing: Borrowings 17 Repayments (including interest)* Total financing Cash balance, ending *Interest will total $1,000 for the year. (20)

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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Hardev
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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 $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
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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)
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