Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 8-11 (algo) cash budget analysis (lo8-8]

Exercise 8-11 (Algo) Cash Budget Analysis (LO8-8] A cash budget, by quarters, is given below...

70.2K

Verified Solution

Question

Accounting

image

Exercise 8-11 (Algo) Cash Budget Analysis (LO8-8] A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $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.) X Answer is complete but not entirely correct. Quarter (000 omitted) (000 omitted) Year 2 3 4 Cash balance, beginning $ 9 $ 4 X $ 4 x $ 4 x $ 9 Add collections from customers 61 84 103 99 347 Total cash available 70 88 X 107 X 103 X 356 Less disbursements: 42 52 44 x > 34 172 x Purchase of inventory Selling and administrative expenses Equipment purchases 20 32 30 21 103 14 8 17 10 49 Dividends 2 2 2 2 8 78 94 93 x 67 332 x (8) (6) X 14 36 x 24 X 12 x 10 0 0 22 X 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. 0 0 (21) (31) X (10) X (10) X 12 x 10 (21) (9) X 15 X $ 4 X $ 4 x S 4 x $ 15 x $

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

Explain in detail how the movements of the diaphragm and ribs draw air into the lungs...

Chemistry
1.2K views

Consider the following dilution steps from a 3.51 M stock solution of H2SO4. 1. 25. mL...

Medical Sciences
1.2K views

1. The nurse is caring for a patient who is dehydrated (fluid volume deficit) as a...

Psychology
1.2K views

what would you want to become an outreach specialist( homeless community) ? tell me what do you...

Civil Engineering
1.2K views

A corner of a five-story commercial building resting on a raft foundation settled down a few inches...

General Management
1.2K views

Why is it important to set boundaries in your individual and group work experiences? Relate a...

Biology
1.2K views

V Angiosperms 4 TE Gymnosperms O Moss S U O Fern 3 Ferns 2 at...

Calculus
1.2K views

Find dy/dx for y=x+2/x-3None of these10/(x-3)0-10/(x-3)2/(x-3)

Calculus
1.2K views

Which equation is equivalent to log 36 27 O 2 36 0x x 36 36...

Algebra
1.2K views

Express log b OA log b 35 pq 4 7 m b Choose the correct...

Accounting
1.2K views

Can you please help me with this assignment this assignment has 3 parts. I would...

Accounting
1.2K views

Hart. Attorney at Low; experienced the following transactions in Year 1, the first year of...