Chapter 7 HW O| eztornheducation.com/hm.tpx?.05268762024010427.1521652053533 0.0

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Chapter 7 HW O| eztornheducation.com/hm.tpx?.05268762024010427.1521652053533 0.00 points 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.) Cash Budget Quarter (000 omitted) Year Cash balanoe, beginning Add collections from customers Total cash available 348 87 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 38 48 30 10 30 30 121 10 13 43 90 Excess (deficiency) of cash available over disbursements 13 Borrowings 14 Repayments (including interest) Total financing Cash balance, ending interest wil total $1,000 for the year (14) Worksheet Difficulty: 1 Easy O Type here to search Learning Objective

Explanation / Answer

Cash Budget

Quarter (000 Omitted)

1

2

3

4

Year

Cah balance, beginning

$9

$5

$5

$5

$9

Add: Collection from customers

$78

$76

$99

$95

$348

Total cash available

$87

$81

$104

$100

$357

Less: Disbursements;

Purchase of inventory

$38

$48

$46

$30

$162

Selling & Administrative expenses

$39

$30

$30

$22

$121

Equipment purchases

$10

$10

$13

$10

$43

Dividends

$2

$2

$2

$2

$8

Total disbursements

$89

$90

$91

$64

$334

Excess (Deficiency) of cash

($2)

($9)

$13

$36

$23

Financing;

Borrowings

$7

$14

$21

Repayment (Including interest)

($8)

($14)

($22)

Total financing

$7

$14

($8)

($14)

($1)

Cash balance ending

$5

$5

$5

$22

$22

Cash Budget

Quarter (000 Omitted)

1

2

3

4

Year

Cah balance, beginning

$9

$5

$5

$5

$9

Add: Collection from customers

$78

$76

$99

$95

$348

Total cash available

$87

$81

$104

$100

$357

Less: Disbursements;

Purchase of inventory

$38

$48

$46

$30

$162

Selling & Administrative expenses

$39

$30

$30

$22

$121

Equipment purchases

$10

$10

$13

$10

$43

Dividends

$2

$2

$2

$2

$8

Total disbursements

$89

$90

$91

$64

$334

Excess (Deficiency) of cash

($2)

($9)

$13

$36

$23

Financing;

Borrowings

$7

$14

$21

Repayment (Including interest)

($8)

($14)

($22)

Total financing

$7

$14

($8)

($14)

($1)

Cash balance ending

$5

$5

$5

$22

$22

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