A cash budget, by quarters, is given below for a retail company (000 omited). Th

Question

A cash budget, by quarters, is given below for a retail company (000 omited). The company requires a minimum cash balance of at least $5,000 to start each quarler. Fill in the miseing amounts. (Enter your answers in thousands of dollars. Cash deficiencles and Repayments should be indicated by a minus sign.) Cash Budgat Quarter (000 omitted) Year Cash balance, beginning Add collections from custemers Total cash availablé 104 370 43 53 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 11B 32 30 18 51 15 Total d Excess (deficiency) of cash available over disbursements Financing 10 Repayments (including interest) Total financing Cash balance, ending Interest will total $1,000 for the year

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Cash budget Quarter (000 omitted) Year 1 2 3 4 Cash balance, beginning 6 5 5 5 6 Add collection from customer 80 86 104 100 370 Total cash available 86 91 109 105 376 Less disbursement: Purchase of inventory 43 53 49 35 180 Selling and administrative expenses 34 32 30 22 118 Equipmentn purchase 15 8 18 10 51 Dividends 2 2 2 2 8 Total disbursements 94 95 99 69 357 Excess (deficiency) of cash available over disbursements (8) (4) 10 36 19 Financing: Borrowings 13 9 22 Repayments (including interest) (5) (18) (23) Total financing 13 9 (5) (18) (1) Cash balance ending 5 5 5 18 18

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