A cash budget, by quarters, follows for a retail company. Fill in the missing amounts (000...

 

Transcribed Image Text:

A cash budget, by quarters, follows for a retail company. Fill in the missing amounts (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Cash balance, beginning Add: Collections from customers Total cash available before current financing Deduct: Disbursements: Purchase of inventory Operating expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest)* Total financing Cash balance, ending *Interest will total $1,000 for the year. $ 1 6 66 36 10 2 (2) 2 Quarter 46 33 10 2 91 14 3 93 31 11 2 13 4 35 2 (14) Year 322 114 35 A cash budget, by quarters, follows for a retail company. Fill in the missing amounts (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Cash balance, beginning Add: Collections from customers Total cash available before current financing Deduct: Disbursements: Purchase of inventory Operating expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest)* Total financing Cash balance, ending *Interest will total $1,000 for the year. $ 1 6 66 36 10 2 (2) 2 Quarter 46 33 10 2 91 14 3 93 31 11 2 13 4 35 2 (14) Year 322 114 35