Question: 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

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.

Quarter Year Cash balance, beginning... $ 6 $ ? $ ? $ ? 323 Add collections from customers. 96 Total cash available.. 71

Required:

Fill in the missing amounts in the above table.

Quarter Year Cash balance, beginning... $ 6 $ ? $ ? $ ? 323 Add collections from customers. 96 Total cash available.. 71 Less disbursements: Purchase of inventory.. Operating expenses. Equipment purchases. Dividends.. 35 35 45 30 30 113 10 36 Total disbursements.. 85 Excess (deficiency) of cash available 11 over disbursements Financing: Borrowings ..... Repayments (including interest)* 15 (?) (17) (?) Total financing $ ? $ ? $ ? Cash balance, ending ... *Interest will total $1,000 for the year.

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