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 Quarter (000 omitted) (000 omitted) Year Add collections from customers 110 400 Total cash available 94 Less disbursements: Purchase of inventory 49 59 33 Selling and administrative expenses 45 30 130 Equipment purchases 12 9 24 55 Dividends 2 2 2 2 Total disbursements Excess (deficiency) of cash available over disbursements 115 (1) 5 Financing: Borrowings Repayments (including interest)* Total financing Cash balance, ending "Interest will total $1,000 for the year. 17 (20)

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 Quarter (000 omitted) (000 omitted) Year Add collections from customers 110 400 Total cash available 94 Less disbursements: Purchase of inventory 49 59 33 Selling and administrative expenses 45 30 130 Equipment purchases 12 9 24 55 Dividends 2 2 2 2 Total disbursements Excess (deficiency) of cash available over disbursements 115 (1) 5 Financing: Borrowings Repayments (including interest)* Total financing Cash balance, ending "Interest will total $1,000 for the year. 17 (20)

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. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 6 Add collections from customers 120 415 Total cash available 79 Less disbursements Purchase of inventory 55 65 31 Selling and administrative expenses 45 30 119 Equipment purchases 13 9 30 62 Dividends 2 2 2 2 Total disbursements 121 Excess (deficiency) of cash available over disbursements (11) 11 Financing Borrowings 11 Repayments (including interest) (28) Total financing 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 $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 $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, beginning Add collections from customers Total cash available Less disbursements: Quarter (000 omitted) (000 omitted) 1 2 3 4 Year 6 $ 4 $ 4 $ 4 6 Assessment Tool iFrame 63 96 108 104 369 69 100 112 108 375 Purchase of inventory 47 Selling and administrative expenses 15 530 57 51 31 186 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 74 100 105 64 343 (5) (1) 7 44 32 Financing: Borrowings Repayments (including interest) * Total financing 9 6 14 (2) (13) (15) 9 6 (2) (13) (1) Cash balance, ending $ 4 $ 4 $ EA 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 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.
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 $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 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
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 $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 Cash balance, ending *Interest will total $1,000 for the year. $ 1 S 70 42 14 2 (8) Quarter (000 omitted) 2 3 52 32 8 2 94 10 103 30 17 2 14 4 34 2 (21) (000 omitted) Year 347 103 49
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