Questions

New Tab d Soda Fountain Mac My Inbox Helper MSN Outlook, Offi,u Suggested Sites alookata awesom, G Google Week 5 Homework O Garden Depot a retailer that iS preparing its budget for the upcoming fiscal year Management has prepared the following summary 10 points e EooV. of its budgeted cash flows: Total cash receipts Total cash disbursements 4th Quarter 2nd Quarter - 3rd Qu aiter 1st Quarter 260,000 $ 240,e $ 360,aB $ 210,o 261,oo $ 241,o $ 251,oe $ 281,oc The company's beginning cash balance for the upcoming fiscal year will be $26,000. 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 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 's repa'd For simplicity. assume that Interest is not compounded Required: Prepare the company's cash budget for the upcoming fiscal year (Repayments and interest should be indicated by a minus sign.) ardd Depot Cash Budget 19t Quprter 2nd arter Year Begunmng cash balance Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash avadabie Over disbursements Refer nceS F nanctng Borro.angs Repayments 'n',erest Total tinanc,ng Ending cash ba'ance o s o s 0