Exercise 8-11 (Static) Cash Budget Analysis (L08-8] A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 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 (000 omitted) $ $ 6 65 71 35 28 8 2 73 (2) 1 Quarter 2 (000 omitted) $ $ 6 S 70 75 45 30 6 2 85 (10) 15 Quarter 3 (000 omitted) 15 55 5 $ 96 101 48 30 10 2 00 11 Quarter 4 (000 omitted) (6) (6) 65 55 92 97 35 25 10 2 72 25 Year (000 omitted) (17) (17) of $ 323 329 103 113 36 6 320 9 (1) (5) 8

Exercise 8-11 (Static) Cash Budget Analysis (L08-8] A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 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 (000 omitted) $ $ 6 65 71 35 28 8 2 73 (2) 1 Quarter 2 (000 omitted) $ $ 6 S 70 75 45 30 6 2 85 (10) 15 Quarter 3 (000 omitted) 15 55 5 $ 96 101 48 30 10 2 00 11 Quarter 4 (000 omitted) (6) (6) 65 55 92 97 35 25 10 2 72 25 Year (000 omitted) (17) (17) of $ 323 329 103 113 36 6 320 9 (1) (5) 8

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 $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.
Check my work 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. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Quarter 1 Quarter 2 (000 omitted) (000 omitted) 8 Quarter 3 (000 omitted) Quarter 4 (000 omitted) Year (000 omitted) Cash balance, beginning $ Add collections from customers 120 Total cash available 92 Less disbursements: Purchase of inventory 53 63 29 Selling and administrative expenses 45 30 Equipment purchases 8 28 Dividends 2 Total disbursements Excess (deficiency) of cash available over disbursements (1) Financing: Borrowings Repayments (including interest)* Total financing Cash balance, ending *Interest will total $1,000 for the year. 9 2 119 13 2 9 2 (12) 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 $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 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 $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…
Cash Budget Analysis 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. Required: Fill in the missing amounts in the above table.
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) company requires a minimum cash balance of at least Br 5,000to start each quarter. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Cash balance, beginning 6 ? ? ? ? Add collections from customers ? ? 96 ? 323 Total cash available 71 ? ? ? ? Less disbursement: Purchase inventory 35 45 ? 35 ? Operating expense ? 30 30 ? 113 Equipment purchase 8 8 10 ? 36 Dividends 2 2 2 2 ? Total disbursement ? 85 ? ? ? Excess (deficiency) of each cash (2) ? 11 ? ? Financing: Borrowing ? 15 - - ? Repayments (including interest) - - ? (17) ? Total financing ? ? ? ? ? Cash balance, ending ? ? ? ? ?
Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8] 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. $ 1 8 77 45 7 2 (2) Quarter (000 omitted) 2 3 55 32 8 2 97 7 106 30 20 2 7 4 29 2 (000 omitted) Year 367 111 45
Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8] 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: Quarter (000 omitted) (000 omitted) 2 3 4 Year 8 94 110 400 Purchase of inventory 49 49 59 33 33 Selling and administrative expenses 45 30 130 Equipment purchases 12 9 24 55 Dividends 2 2 2 2 Total disbursements 115 Excess (deficiency) of cash available over (1) 5 disbursements Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending *Interest will total $1,000 for the year. 17 (20)
Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8] Assessment Tool iFrame A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $7,000 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 Quarter 1 (000 omitted) $ Quarter 4 (000 omitted) 35 2 (26) Year (000 omitted) 401 117 59
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.