Question: A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $5,000 to start

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $5,000 to start each quarter.

Required:
Fill in the missing amounts in the tableabove.

Quarter 2 3 4. Year Cash balance, beginning $9 ? 7 ??$? ? 391 Add collections from customers Total cash available Less disbursements 125 85 Purchases of inventory.. Operating expenses Equipment purchases. Dividends.. 7 54 32 58 42 ? 180 10 Total disbursementsN 7 110 Excess (deficiency) of cash available over disbursements 30 Financing: Borrowings.. 20 Repayments (including interest)" Total financing Cash balance, ending. Interest will total $4,000 for the year

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