Assessment Tool iFrame A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $7,000 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 Quarter 1 Quarter 2 (000 omitted) (000 omitted) $ 6 85 51 14 2 (4) 61 45 9 2 117 15 Quarter 3 (000 omitted) 112 30 26 2 8 Quarter 4 (000 omitted) 35 2 (26) Year (000 omitted) 401 117 59
Assessment Tool iFrame A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $7,000 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 Quarter 1 Quarter 2 (000 omitted) (000 omitted) $ 6 85 51 14 2 (4) 61 45 9 2 117 15 Quarter 3 (000 omitted) 112 30 26 2 8 Quarter 4 (000 omitted) 35 2 (26) Year (000 omitted) 401 117 59
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8]
Assessment Tool iFrame
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at
least $7,000 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
Quarter 1
(000 omitted)
$
< Prev.
6
85
51
14
2
Quarter 2
(000 omitted)
61
45
9
2
117
15
5 of 8 #
Quarter 3
(000 omitted)
112
30
26
2
8
Next >
Quarter 4
(000 omitted)
35
2
(26)
Year (000
omitted)
401
117
59](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac06c900-dc52-42b8-b0c3-6a4d7bd22308%2F54151dd0-35fa-4414-9b1e-3ded2746fdf0%2Ft8y840e_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8]
Assessment Tool iFrame
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at
least $7,000 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
Quarter 1
(000 omitted)
$
< Prev.
6
85
51
14
2
Quarter 2
(000 omitted)
61
45
9
2
117
15
5 of 8 #
Quarter 3
(000 omitted)
112
30
26
2
8
Next >
Quarter 4
(000 omitted)
35
2
(26)
Year (000
omitted)
401
117
59
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