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. 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) 2. Year Cash balance, beginning Add collections from customers Total cash available %24 6. 99 348 87 Less disbursements: ices Purchase of inventory 38 48 30 Selling and administrative expenses 30 30 121 Equipment purchases 10 10 13 43 Dividends 2 2 Total disbursements Excess (deficiency) of cash available over disbursements Financing: 90 (2) 16 Borrowings 14 Repayments (including interest) (17) Total financing Cash balance, ending "Interest will total $1,000 for the year. < Prev 5 of 15 raw Next > 2.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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2 & 14 Recap i
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. 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)
2
3
4
Year
Cash balance, beginning
9
Add collections from customers
99
348
Total cash available
87
Less disbursements:
nces
Purchase of inventory
38
48
30
Selling and administrative expenses
30
30
121
Equipment purchases
10
10
13
43
Dividends
2
2
Total disbursements
90
Excess (deficiency) of cash available over disbursements
(2)
16
Financing:
Borrowings
14
Repayments (including interest)*
(17)
Total financing
Cash balance, ending
"Interest will total $1,000 for the year.
< Prev
5 of 15 E
Next >
9.
7
8.
Transcribed Image Text:meducation.com/ext/map/index.html?_con%3con&external_browser%3D0&launchUrl=https%253A%252F%252FIM..mheducation.com%252Fmghm Saved Help Sa 2 & 14 Recap i 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. 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) 2 3 4 Year Cash balance, beginning 9 Add collections from customers 99 348 Total cash available 87 Less disbursements: nces Purchase of inventory 38 48 30 Selling and administrative expenses 30 30 121 Equipment purchases 10 10 13 43 Dividends 2 2 Total disbursements 90 Excess (deficiency) of cash available over disbursements (2) 16 Financing: Borrowings 14 Repayments (including interest)* (17) Total financing Cash balance, ending "Interest will total $1,000 for the year. < Prev 5 of 15 E Next > 9. 7 8.
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