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 $6,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Quarter (000 omitted) Year s 6 6 s 6$ 6 370 Cash balance, beginning Add collections from customers Total cash available Less disbursements: 104 86 110 Purchase of inventory Selling and administrative expenses Equipment purchases 43 34 15 180 118 51 53 49 30 18 35 Total disbursements Excess (deficiency) of cash available over disbursements Financing: 94 95 (19) Repayments (including interest) Total financing Cash balance, ending Interest will total $1,000 for the year
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