Required: Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)
Required: Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Required:
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
Add collections from customers
109
392
Total cash available
89
Less disbursements:
Purchase of inventory
48
58
32
Selling and administrative expenses
45
30
127
Equipment purchases
11
9
23
53
Dividends
2
2
2
2
Total disbursements
Excess (deficiency) of cash available over disbursements
114
(2)
7
Financing:
Borrowings
Repayments (including interest) *
Total financing
Cash balance, ending
*Interest will total $1,000 for the year.
18
(22)
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