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

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Accounting

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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.) Quarter 1 Quarter 2 Quarter 3 Quarter 4 (000 omitted) (000 omitted) (000 omitted) (000 omitted) $ 6 Year (000 omitted) Cash balance, beginning Add collections from customers 96 323 Total cash available 71 Less disbursements: Purchase of inventory 35 45 35 30 30 113 Selling and administrative expenses Equipment purchases 8 8 10 36 Dividends 2 2 2 2 85 (2) 11 15 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. (17)

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