A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $10,000 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.) 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 9 71 80 50 13 2 (5) Quarter (000 omitted) 2 3 60 45 9 2 116 16 111 30 25 2 12 4 34 2 (30) (000 omitted) Year 389 119 57

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $10,000 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.) 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 9 71 80 50 13 2 (5) Quarter (000 omitted) 2 3 60 45 9 2 116 16 111 30 25 2 12 4 34 2 (30) (000 omitted) Year 389 119 57

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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A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $8,000 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. Prev Question 10 of 10 Total 10 of 10 Visit question mapThis is the last question in the assignment. To submit, use Alt + S. To access other questions, proceed to the question map button.Next McGraw Hill
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A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash ba 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 Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 7 $ 7 Add collections from customers 84 88 105 378 Total cash available 91 95 Less disbursements: Purchase of inventory 44 54 28 Selling and administrative expenses Equipment purchases 41 32 30 124 8 8 19 45 Dividends 2 2 2 2 Total disbursements 95 96 Excess (deficiency) of cash available over disbursements (2) (1) 12
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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 at least $4,000 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.) 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 69 47 10 2 (5) Quarter (000 omitted) 2 3 57 32 9 2 100 6 108 30 22 2 7 4 31 2 (13) (000 omitted) Year 369 98 51
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