cash budget, by quarters, is east $8.000 to start each quan epayments should be indica
cash budget, by quarters, is east $8.000 to start each quan epayments should be indica
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

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.)
Quarter (000 omitted)
(000 omitted)
1.
Cash balance, beginning
Year
%24
6:
Add collections from customers
99
Total cash available
348
87
Less disbursements
Purchase of inventory
38
48
30
Selling and administrative expenses
30
30
121
Equipment purchases
10
10
13
43
Dividends
Total disbursements
90
Excess (deficiency) of cash avaitable over disbursements
(2)
16
Financing
Borrowings
14
Repayments (including interest)
Total financing
(17)
Cash balance, ending
"interest will total $1,000 for the year
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