A cash budget, by quarters, is given below for a retail company (000...
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Accounting
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $4,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Quarter (000 omitted) 2 4 Year Cash balance, beginning Add collections from customers Total cash available Less disbursements 7 109 392 89 32 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 48 58 45 30 127 23 53 Total disbursements Excess (deficiency) of cash available over disbursements Financing 114 Borrowings 18 (22) Repayments (including interest) * Total financing Cash balance, ending "Interest will total $1,000 for the year
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