cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balaast $5,000 to start each quarter.equired:ll in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be inminus sign.)Quarter 1Quarter 2Quarter 3Quarter 4Year (000omitted)(000 omitted) (000 omitted) (000 omitted) (000 omitted)Cash balance, beginning$Add collections from customers696323Total cash availableLess disbursements:Purchase of inventorySelling and administrative expensesEquipment purchasesDividendsTotal disbursements71354535303011388103622285Excess (deficiency) of cash available over disbursements(2)11Financing:Borrowings15Repayments (including interest(17)Total financingCash balance, ending"Interest will total $1,000 for the year

Cash Budget -Cash Budget is the budget estimated by the organization for the future periods on the…

cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash ba ast $5,000 to start each quarter. equired: in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be minus sign.) Quarter 1 Quarter 2 Quarter 3 Quarter 4 (000 omitted) (000 omitted) (000 omitted) (000 omitted) Year (000 omitted) Cash balance, beginning $ Add collections from customers 323 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 interes Total financing Cash balance, ending 71 35 30 113 10 36 2 (2) 8 15

cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash ba ast $5,000 to start each quarter. equired: in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be minus sign.) Quarter 1 Quarter 2 Quarter 3 Quarter 4 (000 omitted) (000 omitted) (000 omitted) (000 omitted) Year (000 omitted) Cash balance, beginning $ Add collections from customers 323 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 interes Total financing Cash balance, ending 71 35 30 113 10 36 2 (2) 8 15

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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Am. 1113.
M3. Midland Company is preparing a cash budget for august. The company had $17,100 cash at the begining of August and anicipates $121,000 in cash receipts and $134,700 in cash payments during August. Midland company wants to maintain a minimum cash balance of $10,000. To mainatain the minimum cash balance of $10,000, the company must borrow.
Hardev
! Required information [The following information applies to the questions displayed below.] Built-Tight is preparing its master budget. Budgeted sales and cash payments follow: July $ 56,000 August $ 72,000 September $ 56,000 Budgeted sales Budgeted cash payments for Direct materials 15,560 3,440 19,600 12,840 2,760 16,200 13,160 2,840 16,600 Direct labor Overhead Sales to customers are 20% cash and 80% on credit. Sales in June were $53,500. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $47,000 in cash and $4,400 in loans payable. A minimum cash balance of $47,000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $47,000. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. Any preliminary cash balance above $47,000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist of sales…
The fourth option is $16,600 needed, below $12,400 available.
Given the following, complete the table Cash Receipts increase by 4% every month. A Cash Disbursements is 60% of the total monthly cash receipts and The minimum cash balance per month is P 60,000. Cash Budget Jan Feb Mar Apr May Jun Cash Receipts P 77,000.00 Less: Cash Disbursements Net Cash Flow P 34,800.00 Add: Beginning Cash Ending Cash Less: Minimum Cash Balance Required Total Financing / Excess Cash Balance
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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. 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. 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 S 70 42 14 2 (8) Quarter (000 omitted) 2 3 52 32 8 2 94 10 103 30 17 2 14 4 34 2 (21) (000 omitted) Year 347 103 49
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