Exercise 8-11 (Algo) Cash Budget Analysis [L08-8) 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. 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) 2. 3. Year Cash balance, beginning $4 7 Add collections from customers 105 378 Total cash available 91 Less disbursements: Purchase of inventory 44 28 54 Selling and administrative expenses 32 30 124 Equiprhent purchases 8 8. 19 45 2 2 Dividends 96 Total disbursements Excess (deficiency) of cash available over disbursements Financing: (2) 12 Borrowings (13) Repayments (including interest) * Total financing Cash balance, ending *Interest will total $1,000 for the year.
Exercise 8-11 (Algo) Cash Budget Analysis [L08-8) 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. 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) 2. 3. Year Cash balance, beginning $4 7 Add collections from customers 105 378 Total cash available 91 Less disbursements: Purchase of inventory 44 28 54 Selling and administrative expenses 32 30 124 Equiprhent purchases 8 8. 19 45 2 2 Dividends 96 Total disbursements Excess (deficiency) of cash available over disbursements Financing: (2) 12 Borrowings (13) Repayments (including interest) * Total financing Cash balance, ending *Interest will total $1,000 for the year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8]
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. 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
2.
3
4
Year
Cash balance, beginning
$.
7.
105
378
Add collections from customers
91
Total cash available
Less disbursements:
44
54
28
Purchase of inventory
124
32
30
Selling and administrative expenses
45
8.
8.
19
Equiphent purchases
21
2.
Dividends
96
Total disbursements
12
Excess (deficiency) of cash available over
disbursements
(2)
Financing:
Borrowings
Repayments (including interest) *
8.
(13)
Total financing
Cash balance, ending
"Interest will total S1,000 for the year.
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2.
2.
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Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8]
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. 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
2.
3
4
Year
Cash balance, beginning
$.
7.
105
378
Add collections from customers
91
Total cash available
Less disbursements:
44
54
28
Purchase of inventory
124
32
30
Selling and administrative expenses
45
8.
8.
19
Equiphent purchases
21
2.
Dividends
96
Total disbursements
12
Excess (deficiency) of cash available over
disbursements
(2)
Financing:
Borrowings
Repayments (including interest) *
8.
(13)
Total financing
Cash balance, ending
"Interest will total S1,000 for the year.
Next >
Prev
1 of 5
2.
2.
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