Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a cash budget, by quarters, is given below for a r

A cash budget, by quarters, is given below for a retail company (000 omitted). The...

60.1K

Verified Solution

Question

Accounting

image

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.) (000 omitted) Quarter (000 omitted) 2 3 1 4 Year $ 9 Cash balance, beginning Add collections from customers Total cash available 103 347 70 Less disbursements: Purchase of inventory 42 52 34 32 30 103 Selling and administrative expenses Equipment purchases 14 8 17 49 2 2 2 2 94 (8) 14 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. 10 (21)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

7. Describe the role of lateral inhibition in sensation. How does this relate to the on...

Physics
1.2K views

surface with a velocity of Vo It then ascends a smooth continuous track as shown...

Physics
1.2K views

Assume that the earth is a uniform sphere of radius R If the acceleration due...

Physics
1.2K views

A tangent galvanometer has a coil of 25 turns and a radius of 15 cm...

Geometry
1.2K views

N 7 Figure 1 Map of 300 mb winds at 12Z 10 MAR 2011 1...

Basic Math
1.2K views

company held a contest and the following information was included in the fine print PRIZE...

Basic Math
1.2K views

# 18. Which of the following is a property of a parallelogram?A The diagonals are...

Statistics
1.2K views

The number of chocolate chips in a popular brand of cookie is normally distributed with...

Algebra
1.2K views

Points DETAILS WANEFM5 6 3 00 r the given decision algorithm find how many ou...

Accounting
1.2K views

Entries and Schedules for Unfinished Jobs and Completed Jobs Hildreth Company uses a job order...

Accounting
1.2K views

The Controller is asking you eight (8) questions regarding your calculation of current Income taxes....

Finance
1.2K views

1. The following spot and 90-day forward quotes involving Australian dollars (A$) and United States...