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Please and Thank You! Exercise 8-11 Cash Budget Analysis [LO8-8] A cash budget, by...

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Accounting

imagePlease and Thank You!

Exercise 8-11 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 $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) 4 Year Cash balance, beginning Add collections from customers Total cash available Less disbursements 108 369 69 47 31 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 57 32 30 98 10 100 Total disbursements Excess (deficiency) of cash available over disbursements Financing Borowings Repayments (including interest) (13) Total financing Cash balance, ending nterest will total $1,000 for the year

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