A cash budget by quarters for the Carney Company is given below (note that some data are missing). Missing data amounts have been keyed with either question marks or lowercase letters (a, b, c, etc.); these lowercase letters will be referred to in the questions that follow. (It may be necessary to calculate a value for items where a question mark appears.) A zero amount is designated by a dash (-). 

The company requires a minimum cash balance of at least $10,000 to start a quarter. All data are in thousands of dollars.

Carney Corporation
Cash Budget

	Quarters
	1	2	3	4
Cash balance, beginning	$16	$e	$13	$10
Add: collections from customers	$a	$70	$67	$80
Total cash available	$?	$?	$80	$90
Less: disbursements
Purchase of inventory	$31	$c	$40	$35
Operating expenses	$10	$14	$19	$-
Dividends	$-	$6	$-	$5
Total disbursements	$76	$?	$f	$55
Excess (deficiency) of cash available over disbursements	$7	$17	$(2)	$35
Financing:
Borrowings	$b	$-	$12	$-
Repayments (including interest)	$-	$d	$-	$(16)
Total financing	$?	$?	$12	$(16)
Cash balance, ending	$10	$?	$10	$19

What is the repayment (including interest) of financing during the second quarter (item d), in thousands of dollars?

Answer rating: 100% (QA)

SOLUTION To find the repayment including interest of financing during the second quarter we need to calculate the total financing for the second quart... View the full answer