Exercise 7-11 Cash Budget Analysis [LO7-8] A cash budget, by quarters, is given below for...
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Exercise 7-11 Cash Budget Analysis [LO7-8] 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.) Cash Budget Quarter (000 omitted) 2 3 1 4 Year in 9 99 348 87 38 48 30 30 30 121 10 10 13 43 2 2 2 2 Cash balance, beginning Add collections from customers Total cash available Less disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments (including interest) * Total financing Cash balance, ending *Interest will total $1,000 for the year. 90 13 14 (14)
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