Chapter 7 HW O| eztornheducation.com/hm.tpx?.05268762024010427.1521652053533 0.0
ID: 2548542 • Letter: C
Question
Chapter 7 HW O| eztornheducation.com/hm.tpx?.05268762024010427.1521652053533 0.00 points 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.) Cash Budget Quarter (000 omitted) Year Cash balanoe, beginning Add collections from customers Total cash available 348 87 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 38 48 30 10 30 30 121 10 13 43 90 Excess (deficiency) of cash available over disbursements 13 Borrowings 14 Repayments (including interest) Total financing Cash balance, ending interest wil total $1,000 for the year (14) Worksheet Difficulty: 1 Easy O Type here to search Learning ObjectiveExplanation / Answer
Cash Budget
Quarter (000 Omitted)
1
2
3
4
Year
Cah balance, beginning
$9
$5
$5
$5
$9
Add: Collection from customers
$78
$76
$99
$95
$348
Total cash available
$87
$81
$104
$100
$357
Less: Disbursements;
Purchase of inventory
$38
$48
$46
$30
$162
Selling & Administrative expenses
$39
$30
$30
$22
$121
Equipment purchases
$10
$10
$13
$10
$43
Dividends
$2
$2
$2
$2
$8
Total disbursements
$89
$90
$91
$64
$334
Excess (Deficiency) of cash
($2)
($9)
$13
$36
$23
Financing;
Borrowings
$7
$14
$21
Repayment (Including interest)
($8)
($14)
($22)
Total financing
$7
$14
($8)
($14)
($1)
Cash balance ending
$5
$5
$5
$22
$22
Cash Budget
Quarter (000 Omitted)
1
2
3
4
Year
Cah balance, beginning
$9
$5
$5
$5
$9
Add: Collection from customers
$78
$76
$99
$95
$348
Total cash available
$87
$81
$104
$100
$357
Less: Disbursements;
Purchase of inventory
$38
$48
$46
$30
$162
Selling & Administrative expenses
$39
$30
$30
$22
$121
Equipment purchases
$10
$10
$13
$10
$43
Dividends
$2
$2
$2
$2
$8
Total disbursements
$89
$90
$91
$64
$334
Excess (Deficiency) of cash
($2)
($9)
$13
$36
$23
Financing;
Borrowings
$7
$14
$21
Repayment (Including interest)
($8)
($14)
($22)
Total financing
$7
$14
($8)
($14)
($1)
Cash balance ending
$5
$5
$5
$22
$22