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 35 45 35
Selling and administrative expenses 30 30 113
Equipment purchases 8 8 10 36
Dividends 2 2 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.