A cash budget, by quarters, is given below for a retail company (000 omitted). The...
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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) Year Cash balance, beginning Add collections from customers Total cash available 6 108 369 69 :Less disbursements 47 57 31 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 32 30 98 10 51 2 2 100 Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings (13) Repayments (including interest)* Total financing Cash balance, ending Interest will total $1,000 for the year
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