Question 9

Question 9 View Policies Current Attempt in Progress Waterway, Inc. prepared the following cash budget for the fourth quarter. Fill in the missing amounts, assuming that Waterway desires to maintain a $15,000 minimum monthly cash balance and all equipment was purchased during December. Any required borrowings and repayments must be made in even increments of $1,000. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) October December Quarter November $15,480 $ Beginning cash balance $16,260 Collections from sales 56,010 242,980 Total cash available 72,270 98,480 125,080 Less disbursements Materials purchases 9,440 13,770 34,860 18,800 Direct labor 6,030 7,620 5.150 20,090 Manufacturing overhead 23,140 21,770 Selling & administrative expenses 28,900 29,670 Equipment purchase 15,380 Dividends 5,210 5,210 Total disbursements 65,790 Excess (deficiency) of cash 30,200 Minimum cash balance 15,000 15,000 15,000 Cash available (needed) -8.520 15,710 Financing: Borrowings 9,000 Repayments -9,000 Interest -90 -90 Total financing -9,090 Ending cash balance $15,480 $21,110 $