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Exercise 8-11 (Algo) Cash Budget Analysis (L08-8] A cash budget, by quarters, is given below...

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Exercise 8-11 (Algo) Cash Budget Analysis (L08-8] A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $4,000 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) 2 3 (000 omitted) Year 1 4 Cash balance, beginning $ 7 Add collections from customers 109 392 Total cash available 89 Less disbursements: Purchase of inventory 48 58 32 45 30 127 Selling and administrative expenses Equipment purchases 11 9 23 53 Dividends 2 2 2 2 114 (2) 7 18 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. (22)

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