$(1)$

Required information

$\backslash$table$[[,$Ending Balance,,$$25,800,],[$Q$4,$Beginning Balance,,$$25,800,],[,$Cash Receipts,,,$$230,000],[,$Cash Disbursements,$($$$240,000),,],[,$Financing,,$$0,],[,$Ending Balance,,$$15,800,]]$

$($$$400\mathrm{.}000)($$$200\mathrm{.}000),$$$0,$$$200,000,$$$400,000$

View on Tableau Public

Based on the visualization:

a$.$ The visualization suggests a total budgeted interest expense of

$$15,800.$

$$70,000.$

$$4,200.$

$$74,200.$

b$.$ Which of the following statements is true?

The budgeted cash disbursements exceed the budgeted cash recelpts in two out of four quarters.

The budgeted cash disbursements exceed the budgeted cash recelpts in three out of four quarters.

The budgeted cash disbursements exceed the budgeted cash recelpts in all four quarters.

The budgeted cash disbursements exceed the budgeted cash recelpts in one out of four quarters.

c$.$ Which of the following statements is true?

For the year as a whole the budgeted cash balance decreased by $$5,800.$

For the year as a whole the budgeted cash balance decreased by $$4,200.$

For the year as a whole the budgeted cash balance increased by $$5,800.$

For the vear as a whole the budgeted cash balance increased by $$4,200.$

Required Informetion

Garden Depot is a retaller that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:

$\backslash$table$[[,1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$th Quarter$],[$Total cash receipts,$ $180,000,$$ $330,000,$$ $210,000,$$ $230,000],[$Total cash disbursements,$ $260,000,$$ $230,960,$$ $220,000,$$ $249,090]]$

The company's beginning cash balance for the upcoming fiscal year will be $$20,000.$ The company requires a minimum cash balance of $$10,000$ and may borrow any amount needed from a local bank at a quarterly interest rate of $3\%.$ The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded.

Required:

Using the information shown above, the company characterized its cash flows using the following data visualization. Your task is review the visualization below and answer the questions that follow.