Business, 19.01.2021 19:10 ysabel0420

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)
1 2 3 4 Year
Cash balance, beginning $9
Add collections from customers 107 367
Total cash available 74
Less disbursements:
Purchase of inventory 46 56 30
Selling and administrative expenses 32 30 109
Equipment purchases 9 9 21 49
Dividends 2 2 2 2
Total disbursements 99
Excess (deficiency) of cash available
over disbursements (10 9
Financing:
Borrowings 7
Repayments (including interest)* (19)
Total financing
Cash balance, ending
*Interest will total $1,000 for the year.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 09:30

What are two benefits of consumer programs

Answers: 2

Answer

Business, 22.06.2019 19:10

According to the textbook chapter, “the emotional connection of distinguishing differences and conflict”, which of the following groups of terms describes best the skills/resources that managers need when managing differences in their organization? energy, commitment, tolerance, and appreciation energy, adequate funding, tolerance, and appreciation funding, tolerance, a strong hr department, and tolerance energy, a strong hr department, patience, and strong leadership skills

Answers: 3

Answer

Business, 22.06.2019 20:00

Which motion below could be made so that the chair would be called on to enforce a violated rule?

Answers: 2

Answer

Business, 22.06.2019 20:30

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.

Answers: 3

Answer

You know the right answer?

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

Questions