Exercise 8-11 (Static) Cash Budget Analysis (LO8-8] A cash budget, by quarters, is given below...
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Accounting
Exercise 8-11 (Static) 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 $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.) Year (000 omitted) Quarter 1 Quarter 2 Quarter 3 Quarter 4 (000 omitted) (000 omitted) 1000 omitted) (000 omitted) $ 6 96 71 323 35 45 35 30 30 10 113 36 8 8 2 2 2 Cash balance, beginning Add collections from customers Total cash available Lass disbursements Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 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 85 (2) 11 15 (17)
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