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 $1000 S 6 79 55 9 13 2 (11) 65 45 9 2 121 11 120 30 30 2 11 31 2 (28) Year 415 119

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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. Fill in the missing amounts.

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.)
Quartes (000
1000
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
6
79
55
9
13
2
(11)
65
45
9
2
121
11
120
30
30
2
11
31
(28)
Yest
415
119
62
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 $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.) Quartes (000 1000 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 6 79 55 9 13 2 (11) 65 45 9 2 121 11 120 30 30 2 11 31 (28) Yest 415 119 62
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