lote: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. (000 omitted) Year 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 $ S 1 9 77 86 46 13 2 (2) 5 0 5 3 Quarter (000 omitted) 3 56 32 9 2 99 107 30 21 2 7 4 30 2 (9) 379 109 53

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Sagar

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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
$3,000 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.
$
S
1
9
77
86
46
13
2
(2)
5
0
5
3
Quarter (000 omitted)
2
3
56
32
9
2
99
107
30
21
2
7
4
30
2
(9)
(000 omitted)
Year
379
109
53
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 $3,000 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. $ S 1 9 77 86 46 13 2 (2) 5 0 5 3 Quarter (000 omitted) 2 3 56 32 9 2 99 107 30 21 2 7 4 30 2 (9) (000 omitted) Year 379 109 53
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