Exercise 8-11 (Algo) 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$3,000 to start each quarter.Required:Fill in the missing amounts.Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.Quarter (000 omitted)23Cash balance, beginning$9Add collections from customers107Total cash available86Less disbursements:(000 omitted)Year379Purchase of inventory465630Selling and administrative expenses3230109Equipment purchases1392153Dividends222299(2)7Total disbursementsExcess (deficiency) of cash available over disbursementsFinancing:BorrowingsRepayments (including interest)*Total financingCash balance, ending"Interest will total $1,000 for the year.7(9)

The cash budget is prepared to record the cash receipts and cash payments during the period. The…

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $3,000 to start each quarter. Required: Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Cash balance, beginning 9 Quarter (000 omitted) (000 omitted) Year Add collections from customers 107 379 Total cash available 86 Less disbursements: Purchase of inventory 46 56 30 Selling and administrative expenses 32 Equipment purchases 13 21 30 109 9 21 69 53 Dividends 2 2 2 2 99 (2) 7 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. 7 (9)

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $3,000 to start each quarter. Required: Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Cash balance, beginning 9 Quarter (000 omitted) (000 omitted) Year Add collections from customers 107 379 Total cash available 86 Less disbursements: Purchase of inventory 46 56 30 Selling and administrative expenses 32 Equipment purchases 13 21 30 109 9 21 69 53 Dividends 2 2 2 2 99 (2) 7 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. 7 (9)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ces A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $10,000 to start each quarter. Required: Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Cash balance, beginning Add collections from customers Total cash available Less 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. $ 1 9 71 80 50 13 2 (5) Quarter (000 omitted) 2 3 60 45 9 2 116 16 111 30 25 2 12 4 34 2 (30) (000 omitted) Year 389 119 57
Exercise 7 (Cash Budget Analysis) A cash budget, by quarters, is given below for a retail company. (000 omitted). The company requires a minimum cash balance of P5,000 to start each quarter. Quarter 1 2 3 4 Year Cashbalance,beginning.. P9 P ? P ? P? P? Add collectionsfromcustomers.... ? ? 125 ? 391 Totalcash available... 85 ? ? Less disbursements: Purchaseofinventory. 40 58 ? 32 Operatingexpenses. 42 54 ? 180 Equipmentpurchases.. 10 8 8 36 Dividends... 2 2 2 2 ? Totaldisbursement.. 110 ? ? ? Excess (deficiency) of cash available Ordisbursements.... (3) 30 ? ? Financing: Borrowings.. ? 20 Repayments (including interest)*.. (?) (7) (?) Total financing... ? ? (?) (?) Cash balance, ending.... P ? P ? P ? P ? P? *Interest will total P4, 000 for the year. Required: Fill in the missing amounts in the table above.
Exercise 8-11 (Algo) 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 $3,000 to start each quarter. Required: Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Cash balance, beginning Add collections from customers Total cash available Less 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. $ 1 8 77 45 7 2 (2) Quarter (000 omitted) 2 3 55 32 8 2 97 7 106 30 20 2 7 4 29 2 (000 omitted) Year 367 111 45
Check my work A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $3,000 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 1 Quarter 2 (000 omitted) (000 omitted) 8 Quarter 3 (000 omitted) Quarter 4 (000 omitted) Year (000 omitted) Cash balance, beginning $ Add collections from customers 120 Total cash available 92 Less disbursements: Purchase of inventory 53 63 29 Selling and administrative expenses 45 30 Equipment purchases 8 28 Dividends 2 Total disbursements Excess (deficiency) of cash available over disbursements (1) Financing: Borrowings Repayments (including interest)* Total financing Cash balance, ending *Interest will total $1,000 for the year. 9 2 119 13 2 9 2 (12) 420 127 55
Saved Help Save & Exit Check my Exercise 8-11 (Algo) 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 $7,000 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) (000 omitted) 1 2. 3 4 Year Cash balance, beginning $. 7. 105 378 Add collections from customers 91 Total cash available Less disbursements: 44 54 28 Purchase of inventory 124 32 30 Selling and administrative expenses 45 8. 8. 19 Equiphent purchases 21 2. Dividends 96 Total disbursements 12 Excess (deficiency) of cash available over disbursements (2) Financing: Borrowings Repayments (including interest) * 8. (13) Total financing Cash balance, ending "Interest will total S1,000 for the year. Next > Prev 1 of 5 2. 2. %24
Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8] Assessment Tool iFrame A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $7,000 to start each quarter. Required: Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Cash balance, beginning Add collections from customers Total cash available Less 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 Quarter 1 (000 omitted) $ Quarter 4 (000 omitted) 35 2 (26) Year (000 omitted) 401 117 59
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $8,000 to start each quarter. Required: Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. 1 Quarter (000 omitted) (000 omitted) 2 3 4 Year Cash balance, beginning $ 9 Add collections from customers 61 103 347 Total cash available 70 Less disbursements: Purchase of inventory 42 52 34 Selling and administrative expenses 32 30 103 Equipment purchases 14 8 17 49 Dividends Total disbursements Excess (deficiency) of cash available over disbursements 2 2 2 94 (8) 14 Financing: Borrowings Repayments (including interest)* Total financing 10 (21)
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) (000 omitted) 1 2 4 Year Cash balance, beginning 6. Add collections from customers 96 323 Total cash available 71 Less disbursements: Purchase of inventory 35 45 35 Selling and administrative expenses 30 30 113 Equipment purchases 8 8 10 36 Dividends 2 2 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. 2.
A cash budget, by quarters, is given below for a retail company. (000 omitted) company requires a minimum cash balance of at least Br 5,000to start each quarter. Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Cash balance, beginning 6 ? ? ? ? Add collections from customers ? ? 96 ? 323 Total cash available 71 ? ? ? ? Less disbursement: Purchase inventory 35 45 ? 35 ? Operating expense ? 30 30 ? 113 Equipment purchase 8 8 10 ? 36 Dividends 2 2 2 2 ? Total disbursement ? 85 ? ? ? Excess (deficiency) of each cash (2) ? 11 ? ? Financing: Borrowing ? 15 - - ? Repayments (including interest) - - ? (17) ? Total financing ? ? ? ? ? Cash balance, ending ? ? ? ? ?
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $8,000 to start each quarter. Required: Fill in the missing amounts. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 6 Add collections from customers 120 415 Total cash available 79 Less disbursements Purchase of inventory 55 65 31 Selling and administrative expenses 45 30 119 Equipment purchases 13 9 30 62 Dividends 2 2 2 2 Total disbursements 121 Excess (deficiency) of cash available over disbursements (11) 11 Financing Borrowings 11 Repayments (including interest) (28) Total financing Cash balance, ending *Interest will total $1,000 for the year.
A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $6,000 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) 2 3 4 Year Cash balance, beginning 8. 8 Add collections from customers 59 98 325 Total cash available 67 333 Less disbursements: Purchase of inventory 37 47 29 Selling and administrative expenses 22 30 30 21 103 Equipment purchases 10 12 10 41 Dividends 2 2 8 Total disbursements 70 89 62 Excess (deficiency) of cash available over disbursements (3) 14 Financing Borrowings 15 Repayments (including interest)* (17) Total financing Cash balance, ending "Interest will total $1,000 for the year. down (only allotted a hour) Show transcribed image text A cash budget. by quarters. is given below for a retail company (000 omitted). The company requires a minimum cash…
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. Note: Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign. Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 7 Add collections from customers 109 392 Total cash available 89 Less disbursements: * Purchase of inventory 48 58 32 Selling and administrative expenses 45 30 127 Equipment purchases 11 9 23 53 Dividends 2 2 2 2 Total disbursements 114 Excess (deficiency) of cash available over disbursements (2) 7 Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending "Interest will total $1,000 for the year. 18 (22)