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A cash budget, by quarters, is given below for a retail company. The company requires a minimum cash budget of $5,000 to start each quarter Required Fill in the missing amounts in the table provided Beginning cash balance Add: Cash collections from customers Total cash available Less: Disbursements Purchase of inventory Operating expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments including Interest) Total financing Ending cash balance 1st Quarter $9,000 76000 $85,000 $40,000 36000 C $10,000 $2.000 88000 $3,000 2000 O 50 5000 O 2nd Quarter 5000 O $58.000 $42.000 $8,000 $2.000 $110,000 $20.000 00 5000 3rd Quarter 4th Quarter 5000 O 5000 O $125,000 130000 O $54.000 $8.000 $2,000 $30,000 so 5000 O $32000 10000 O $2,000 50 57000 6000 O Year 9000 $391,000 400000 $180.000 $36.000 8000 $10,000 $6.000

A cash budget, by quarters, is given below for a retail company. The company requires a minimum cash budget of $5,000 to start each quarter Required Fill in the missing amounts in the table provided Beginning cash balance Add: Cash collections from customers Total cash available Less: Disbursements Purchase of inventory Operating expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments including Interest) Total financing Ending cash balance 1st Quarter $9,000 76000 $85,000 $40,000 36000 C $10,000 $2.000 88000 $3,000 2000 O 50 5000 O 2nd Quarter 5000 O $58.000 $42.000 $8,000 $2.000 $110,000 $20.000 00 5000 3rd Quarter 4th Quarter 5000 O 5000 O $125,000 130000 O $54.000 $8.000 $2,000 $30,000 so 5000 O $32000 10000 O $2,000 50 57000 6000 O Year 9000 $391,000 400000 $180.000 $36.000 8000 $10,000 $6.000

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. The company requires a minimum cash budget of $5,000 to start each quarter Required: Fill in the missing amounts in the table provided Beginning cash balance Add: Cash collections from customers Total cash avallable Less: Disbursements Purchase of inventory Operating expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments including Interest) Total financing Ending cash balance 1st Quarter $9,000 76000 $85,000 $40,000 36000 C $10,000 $2,000 88000 $3,000 2000 O 50 5000 O 2nd Quarter 5000 O $58.000 $42.000 $8,000 $2,000 $110,000 $20.000 100 5000 3rd Quarter 4th Quarter 5000 O 5000 O $125,000 130000 O $54.000 $8.000 $2,000 $30,000 5000 50 e $32.000 10000 $2.000 50 $2000 (6000) Year 9000 $391,000 400000 $180.000 $36.000 8000 $10,000 $6.000
Transcribed Image Text:A cash budget, by quarters, is given below for a retail company. The company requires a minimum cash budget of $5,000 to start each quarter Required: Fill in the missing amounts in the table provided Beginning cash balance Add: Cash collections from customers Total cash avallable Less: Disbursements Purchase of inventory Operating expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments including Interest) Total financing Ending cash balance 1st Quarter $9,000 76000 $85,000 $40,000 36000 C $10,000 $2,000 88000 $3,000 2000 O 50 5000 O 2nd Quarter 5000 O $58.000 $42.000 $8,000 $2,000 $110,000 $20.000 100 5000 3rd Quarter 4th Quarter 5000 O 5000 O $125,000 130000 O $54.000 $8.000 $2,000 $30,000 5000 50 e $32.000 10000 $2.000 50 $2000 (6000) Year 9000 $391,000 400000 $180.000 $36.000 8000 $10,000 $6.000
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