ezto.mheducation.com/hm.tpx? 0.6144447313808377 1522437933754 10.00 points A cas

Question

ezto.mheducation.com/hm.tpx? 0.6144447313808377 1522437933754 10.00 points A cash budget, by quarters, is given below for a retail company (000 omited). The company requiresa minimum cash balance of at least $5,000 to start each quarter. Fill in the missing amounts. (Enter answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) your Cash Budget Quarter (000 omitted) Cash balance, beginning Add collections from customers Total cash available 104 370 86 Purchase of inventory Selling and administrative expenses Equipment purchases 43 53 35 32 30 118 15 18 51 Total disbursements Excess (deficiency) of cash available over disbursements 10 Repayments (including interest) Total financing Cash balanoe, ending interest will total $1,000 for the year (18) 1 5

Explanation / Answer

CASH BUDGET Q-1 Q-2 Q-3 Q-4 YEAR Cash balance beginning 6 5 5 5 6 Add: Collections from Customer 80 86 104 100 370 Total Cash receipts 86 91 109 105 376 Less: Disbursements Purchase of Inventory 43 53 49 35 180 Selling and distribution expense 34 32 30 22 118 Equipment purchases 15 8 18 10 51 Dividends 2 2 2 2 8 Total Disbursement 94 95 99 69 357 Excess/(deficiency) -8 -4 10 36 19 Financing:     Borrowings 13 9     Repayments(including Interest) -5 -18 -1 Total Financing 13 22 17 0 0 Cash balance ending 5 5 5 18 18

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