A cash budget, by quarters, is given below for a retail company. (000 omitted). The company requires a minimum cash balance of P5,000 to start each quarter. Quarter 1 4 Year Cashbalance,beginning.. P9 P ? P ? P? P? Add collectionsfromcustomers.... ? ? 125 ? 391 Totalcash available.. 85 ? ? ? ? Less disbursements: Purchaseofinventory. 40 58 ? 32 ? Operatingexpenses.. ? 42 54 ? 180 Equipmentpurchases... 10 8 8 ? 36 Dividends... 2 2 2 Totaldisbursement. ? 110 ? ? Excess (deficiency) of cash available Ordisbursements... (3) 30 ? ? Financing: Borrowings... 20 ? Repayments (including interest)*.. (?) Total financing... ? ? (?) Cash balance, ending.. P ? Р? Р? P ? P ? *Interest will total P4, 000 for the year.

A cash budget, by quarters, is given below for a retail company. (000 omitted). The company requires a minimum cash balance of P5,000 to start each quarter. Quarter 1 4 Year Cashbalance,beginning.. P9 P ? P ? P? P? Add collectionsfromcustomers.... ? ? 125 ? 391 Totalcash available.. 85 ? ? ? ? Less disbursements: Purchaseofinventory. 40 58 ? 32 ? Operatingexpenses.. ? 42 54 ? 180 Equipmentpurchases... 10 8 8 ? 36 Dividends... 2 2 2 Totaldisbursement. ? 110 ? ? Excess (deficiency) of cash available Ordisbursements... (3) 30 ? ? Financing: Borrowings... 20 ? Repayments (including interest).. (?) Total financing... ? ? (?) Cash balance, ending.. P ? Р? Р? P ? P ? Interest will total P4, 000 for the year.

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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meducation.com/ext/map/index.html?_con%3con&external_browser%3D0&launchUrl=https%253A%252F%252FIM..mheducation.com%252Fmghm Saved Help Sa 2 & 14 Recap i 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 3 4 Year Cash balance, beginning 9 Add collections from customers 99 348 Total cash available 87 Less disbursements: nces Purchase of inventory 38 48 30 Selling and administrative expenses 30 30 121 Equipment purchases 10 10 13 43 Dividends 2 2 Total disbursements 90 Excess (deficiency) of cash available over disbursements (2) 16 Financing: Borrowings 14 Repayments (including interest)* (17) Total financing Cash balance, ending "Interest will total $1,000 for the year. 9. 7 8.
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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 $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. Prev Question 10 of 10 Total 10 of 10 Visit question mapThis is the last question in the assignment. To submit, use Alt + S. To access other questions, proceed to the question map button.Next McGraw Hill
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $3,000 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. Quarter 1 (000 omitted) $ 9 97 54 7 2 (5) Quarter 2 (000 omitted) 64 45 9 2 120 12 Quarter 3 (000 omitted) 124 30 29 2 12 Quarter 4 (000 omitted) 30 2 (12) Year (000 omitted) 431 137 55
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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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