Note:-• Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.• Answer completely.• You will get up vote for sure. A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of$7,000 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, beginningAdd collections from customersTotal cash availableLess disbursements:Purchase of inventorySelling and administrative expensesEquipment purchasesDividendsTotal disbursementsExcess (deficiency) of cash available over disbursementsFinancing:BorrowingsRepayments (including interest) *Total financingCash balance, ending*Interest will total $1,000 for the year.$167985511814285(4)Quarter (000 omitted)23614592117151123026284352(26)(000 omitted)Year40111759

The cash budget is prepared to estimate the financing requirements for the period. The cash budget…

Fash balance, beginning dd collections from customers otal cash available ess disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends otal disbursements xcess (deficiency) of cash available over disbursements inancing: Borrowings Repayments (including interest) otal financing S 6 79 85 51 18 14 2 85 (4) 61 45 9 2 117 15 112 30 26 2 8 35 2 (26) 401 117 59

Fash balance, beginning dd collections from customers otal cash available ess disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends otal disbursements xcess (deficiency) of cash available over disbursements inancing: Borrowings Repayments (including interest) otal financing S 6 79 85 51 18 14 2 85 (4) 61 45 9 2 117 15 112 30 26 2 8 35 2 (26) 401 117 59

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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Question

Note:- • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. • Answer completely. • You will get up vote for sure.

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of
$7,000 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
6
79
85
51
18
14
2
85
(4)
Quarter (000 omitted)
2
3
61
45
9
2
117
15
112
30
26
2
8
4
35
2
(26)
(000 omitted)
Year
401
117
59

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