Required Fill in the missing amounts in Benson\'s cash summary budget. Enter all
ID: 2364546 • Letter: R
Question
Required
Fill in the missing amounts in Benson's cash summary budget. Enter all amounts as positive numbers, unless there is a deficiency. Use the minus sign to indicate a deficiency, if required.
Benson, Inc.Quarterly Cash Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Beginning cash balance $10 $ $ $ Cash collections 126 80 Total cash available 86 Inventory purchases 41 59 33 Operating expenses 43 55 Equipment purchases 11 9 8 5 Dividends 3 3 3 3 Total disbursements 114 Excess (deficiency) of cash -4 30 Financing: Borrowings 21 -- -- Repayments -- -- -8 Total Ending cash balance $ $ $ $
Explanation / Answer
1st
2nd
3rd
4th
Opening Cash
10
7
7
7
Collections
76
93
126
80
Cash Available
86
100
133
87
Inventory Purchases
41
59
37
33
Operating Expenses
35
43
55
31
Equipment Purchase
11
9
8
5
Dividends
3
3
3
3
Disbursements total
90
114
103
72
Excess/ -Deficiency
-4
-14
30
15
Borrowings
11
21
-
-
Repayments
-
-
-23
-8
Total Borrowings
11
32
9
1
Closing cash
7
7
7
7
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1st
2nd
3rd
4th
Opening Cash
10
7
7
7
Collections
76
93
126
80
Cash Available
86
100
133
87
Inventory Purchases
41
59
37
33
Operating Expenses
35
43
55
31
Equipment Purchase
11
9
8
5
Dividends
3
3
3
3
Disbursements total
90
114
103
72
Excess/ -Deficiency
-4
-14
30
15
Borrowings
11
21
-
-
Repayments
-
-
-23
-8
Total Borrowings
11
32
9
1
Closing cash
7
7
7
7
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