A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of$4,000 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:Quarter (000 omitted)(000 omitted)1234Year6$4 $4$46Assessment Tool iFrame639610810436969100112108375Purchase of inventory47Selling and administrative expenses1553057513118632302198Equipment purchases109221051Dividends22228Total disbursementsExcess (deficiency) of cash available over disbursements7410010564343(5)(1)74432Financing:BorrowingsRepayments (including interest) *Total financing9614(2)(13)(15)96(2)(13)(1)Cash balance, ending$4$4$EA53131*Interest will total $1,000 for the year.

Budgeting is a method of estimating expected future outcomes based on past events. Budgeting…

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $4,000 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. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 6 $ 4 $ 4 $ 4 $ 6 Assessment Tool iFrame Add collections from customers 63 96 108 104 369 Total cash available 69 100 112 108 375 Less disbursements: Purchase of inventory 47 57 51 31 186 Selling and administrative expenses 15 32 30 21 98 Equipment purchases 10 9 22 10 51 Dividends 2 2 2 2 8 Total disbursements Excess (deficiency) of cash available over disbursements 74 100 (5) (1) 38 105 64 343 7 44 32 Financing: Borrowings Repayments (including interest)* 9 6 14 (2) (13) (15) Total financing 9 6 (2) (13) (1) Cash balance, ending $ 4 $ 4 $ 5 $ 31 $ 31 *Interest will total $1,000 for the year.

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $4,000 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. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 6 $ 4 $ 4 $ 4 $ 6 Assessment Tool iFrame Add collections from customers 63 96 108 104 369 Total cash available 69 100 112 108 375 Less disbursements: Purchase of inventory 47 57 51 31 186 Selling and administrative expenses 15 32 30 21 98 Equipment purchases 10 9 22 10 51 Dividends 2 2 2 2 8 Total disbursements Excess (deficiency) of cash available over disbursements 74 100 (5) (1) 38 105 64 343 7 44 32 Financing: Borrowings Repayments (including interest)* 9 6 14 (2) (13) (15) Total financing 9 6 (2) (13) (1) Cash balance, ending $ 4 $ 4 $ 5 $ 31 $ 31 *Interest will total $1,000 for the year.

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. 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 $ 9 87 38 10 2 (2) Quarter (000 omitted) 2 3 48 30 10 2 90 14 99 30 13 2 16 30 2 (17) (000 omitted) Year 348 121 43
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $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. $ 1 8 94 49 12 2 (1) Quarter (000 omitted) 2 3 59 45 9 2 115 17 110 30 24 2 5 4 33 2 (20) (000 omitted) Year 400 130 55
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 31 (13) (000 omitted) Year 369 98 51
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $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. GA 1 8 84 92 53 8 2 (1) Quarter (000 omitted) 2 3 63 45 9 2 119 13 120 30 28 2 9 4 29 2 (12) (000 omitted) Year 420 127 55
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. Quarter 1 Quarter 2 (000 omitted) (000 omitted) $ 8 83 41 13 2 (3) 51 32 8 2 93 11 Quarter 3 (000 omitted) 102 30 16 2 10 Quarter 4 (000 omitted) 33 2 (13) Year (000 omitted) 357 112 47
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $4,000 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. Quarter (000 omitted) 2 3 (000 omitted) Year Cash balance, beginning $ $ 5 $ $ $ 6 Add collections from customers 63 95 108 369 Total cash available 69 100 375 Less disbursements: Purchase of inventory 47 57 31 Selling and administrative expenses 15 32 30 98 Equipment purchases 10 9 22 51 Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest)* Total financing 2 2 2 2 74 100 (5) (13) Cash balance, ending $ "Interest will total $1,000 for the year.
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. Fill in the missing amounts. Note: 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 114 Excess (deficiency) of cash available over disbursements (2) 7 Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending "Interest will total $1,000 for the year. 18 (22)
A cash budget, by quarters, is given below for a retall 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.) 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 the Quarter 1 (000 omitted) $ 6 S 80 86 43 34 15 Quarter 2 (000 omitted) 2 94 (8) 6 S 53 32 8 2 Quarter 3 (000 omitted) 95 6 104 110 30 18 2 11 Quarter 4 (000 omitter) $ 35 10 2 (10) Year (000 omitted) $ 6 370 118 51 8
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $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. 1 Quarter (000 omitted) (000 omitted) 2 3 4 Year Cash balance, beginning $ 9 Add collections from customers 61 103 347 Total cash available 70 Less disbursements: Purchase of inventory 42 52 34 Selling and administrative expenses 32 30 103 Equipment purchases 14 8 17 49 Dividends Total disbursements Excess (deficiency) of cash available over disbursements 2 2 2 94 (8) 14 Financing: Borrowings Repayments (including interest)* Total financing 10 (21)
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. 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) 2 3 4 Year Cash balance, beginning 8. 8 Add collections from customers 59 98 325 Total cash available 67 333 Less disbursements: Purchase of inventory 37 47 29 Selling and administrative expenses 22 30 30 21 103 Equipment purchases 10 12 10 41 Dividends 2 2 8 Total disbursements 70 89 62 Excess (deficiency) of cash available over disbursements (3) 14 Financing Borrowings 15 Repayments (including interest)* (17) Total financing Cash balance, ending "Interest will total $1,000 for the year. down (only allotted a hour) Show transcribed image text A cash budget. by quarters. is given below for a retail company (000 omitted). The company requires a minimum cash…
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $8,000 to start each quarter. 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. Cash balance, beginning Year %24 6: Add collections from customers 99 Total cash available 348 87 Less disbursements Purchase of inventory 38 48 30 Selling and administrative expenses 30 30 121 Equipment purchases 10 10 13 43 Dividends Total disbursements 90 Excess (deficiency) of cash avaitable over disbursements (2) 16 Financing Borrowings 14 Repayments (including interest) Total financing (17) Cash balance, ending "interest will total $1,000 for the year
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. 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 4 Year Cash balance, beginning 6. Add collections from customers 96 323 Total cash available 71 Less disbursements: Purchase of inventory 35 45 35 Selling and administrative expenses 30 30 113 Equipment purchases 8 8 10 36 Dividends 2 2 Total disbursements 85 Excess (deficiency) of cash available over disbursements (2) 11 Financing: Borrowings 15 Repayments (including interest)* (17) Total financing Cash balance, ending *Interest will total $1,000 for the year. 2.