A cash budget, by quarters, is given below for a retail company (000 omitted) Th

Question

A cash budget, by quarters, is given below for a retail company (000 omitted) The company requires a answers in thousands of dollars. Cash deficiencies and Repayments should be ind minus sign.) each quarter. Fill in the missing amounts. (Enter your icated bya Cash Budget Cash balance, beginning Add collections from customers 348 Less disbursements: 30 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 30 121 10 13 43 90 Total disbursements Excess (deficiency) of cash available over disbursements Financing 13 14 Borrowings (14) Repayments (including interest) " Total financing Cash balance, ending "Interest will total $1,000 for the year O Type here to search

Explanation / Answer

cash Budget Quarter 2 3 4 year cash balance beginning 9 5 5 5 24 Add:collection 78 76    [81-5] 99 95   [348-78-76-99] 348 Total cash available 87 81    [90-9] 104 100 372 cash dibursement purchase of inventory 38 48 46   [91-30-13-2] 30 162 selling and administrative expense 39     [89-38-10-2] 30 30 22   [21-39-30-30] 121 equipment purchase 10 10 13 10   [43-10-10-13] 43 dividend 2 2 2 2 Total disbursement 89    [87+2] 90 (91)   [104-13] (64) (334) excess of cash over disbursement (2) (9)   [14-5minimum] 13 36 38 Financing borrowing 7       [5+2] 14 0 21 repayment 0 (8) (14) (22) Total financing 7 14 cash balance ending 5 5 5 22 37

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