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(Solution Download) A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires


 

 

 

 

 

 

 

 

 

 

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.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter (000

 

omitted)

 

 

 

1

 

2

 

3

 

4

 

Year

Cash balance, beginning$6

 

 

 

 

Add collections from

 

customers

 

 

 

96

 

 

323

Total

 

cash available

71

 

 

 

 

Less

 

disbursements:

Purchase

 

of inventory

3545

 

35

 

Selling

 

and administrative expenses

 

3030

 

113
Equipment

 

purchases

8810

 

36

 

Dividends

2222

 

Total

 

disbursements

 

85

 

 

 

Excess (deficiency) of cash

 

available over disbursements

 

(2)

 

 

11

 

 

Financing:
Borrowings

 

15

 

 

 

Repayments (including interest)

 

*

 

 

 

 

(17)

 

Total financing

 

 

 

 

 

Cash balance, ending

 

 

 

 

 

*Interest

 

will total $1,000 for the year.

 

 


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