10 Check my work 1 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.) 1C Quarter (000 omitted) (000 omitted) points 2 3 Year 04490 Cash balance, beginning 8 Add collections from customers 106 367 Total cash available Less disbursements 77 eBook Print 29 Purchase of inventory 45 55 References Seling and administrative expenses 32 30 111 Equipment purchases 7 8 20 45 Dividends 2 2 2 2 Total disbursements 97 Excess (deficiency) of cash available over disbursements (2) Financing: Borrowings Repayments (including interest) Total financing Cash balance, ending "Interest will total $1,000 for the year (9) Mc Graw Hill ction 1 of 5 Next> Prev