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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 $8,000 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)
1 2 3 4 Year
Cash balance, beginning $9 $8 $8 $8 $9
Add collections from customers 61 84 103 99 347
Total cash available 70 92 111 107 356
Less disbursements: - - - - -
Purchase of inventory 42 52 48 34 ?
Selling and administrative expenses 20 32 30 ? 103
Equipment purchases 14 8 17 ? 49
Dividends 2 2 2 2 8
Total disbursements 78 94 97 ? ?
Excess (deficiency) of cash available over disbursements (8) (2) 14 ? ?
Financing:
Borrowings ? 10 ? ? ?
Repayments (including interest) * ? ? ? (21) ?
Total financing ? ? ? ? ?
Cash balance, ending ? ? ? ? ?
*Interest will total $1,000 for the year.

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