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...

70.2K

Verified Solution

Question

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.

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

Biology
1.2K views

Using biotechnology: Molecular pharming, gene therapy, disease diagnosis

Physics
1.2K views

Consider the delta function potential well :V(x) = −αδ(x) (α > 0). (a) What are the boundary...

Basic Math
1.2K views

What is the circumference of the Arctic Circle Latitude 66 32 N The radius of...

Basic Math
1.2K views

Find Z? Z?, andif z? = 2( cos 45 + i sin 45) and Z?...

Algebra
1.2K views

0 9 hours se in 8 3 hem if S S 12 Elisa can mop...

Accounting
1.2K views

Number 7 Hi there can you please help me with this equation for 10...

Accounting
1.2K views

For each Financial Transaction below, identify the effect on the Balance Sheet, Income Statement and...

Accounting
1.2K views

The referential integrity rule states that: a)A non-null primary key should ensure that every row...

Accounting
1.2K views

Effect of Doubtful Accounts on Net Income During its first year of operations, Master Plumbing...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Laker...

Finance
1.2K views

1. In all parts of this question we have an investment consisting of a principal...

Finance
1.2K views

The effect of tax rate on WACC K. Bell Jewelers wishes to explore the effect...