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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 $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)
1 2 3 4 Year
Cash balance, beginning $6
Add collections from customers 108 369
Total cash available 69
Less disbursements:
Purchase of inventory 47 57 31
Selling and administrative expenses 32 30 98
Equipment purchases 10 9 22 51
Dividends 2 2 2 2
Total disbursements 100
Excess (deficiency) of cash available over disbursements (5) 8
Financing:
Borrowings 6
Repayments (including interest) * (14)
Total financing
Cash balance, ending
*Interest will total $1,000 for the year.

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