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 $5,000 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.)
(000 omitted) Quarter (000 omitted) Year Cash balance, beginning Add co Total cash available Less disbursements 323 65 lections from customers 35 45 35 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 113 30 10 36 2 2 2 85 Total disbursements Excess (deficiency) of cash available over disbursements Financing 15 Borrowings (17) Repayments (including interest) Total financing Cash balance, ending "Interest will total $1,000 for the year
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