Fill in the missing amounts. (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 Quarter 1. (000 omitted) $ Quarter 2 Quarter 3 (000 omitted) (000 omitted) 6 86 43 15 2 (8) 53 32 B 2 95 91 104 30 18 2 11 Quarter 4 (000 omitted) 35 (19) Year (000 omitted) 370 118 51

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
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at
least $6,000 to start each quarter.
Required:
Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by
a minus sign.)
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 $6,000 to start each quarter. Required: Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)
Fill in the missing amounts. (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
Quarter 1
(000 omitted)
$
Prev
86
43
15
2
(8)
Quarter 2
(000 omitted)
8 of 8
53
32
B
2
95
9
Quarter 3. Quarter 4
(000 omitted) (000 omitted)
Next
104
30
18
2
35
(19)
Year (000
omitted)
370
118
51
Transcribed Image Text:Fill in the missing amounts. (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 Quarter 1 (000 omitted) $ Prev 86 43 15 2 (8) Quarter 2 (000 omitted) 8 of 8 53 32 B 2 95 9 Quarter 3. Quarter 4 (000 omitted) (000 omitted) Next 104 30 18 2 35 (19) Year (000 omitted) 370 118 51
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