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A cash budget, by quarter, is given below for a retail company ( 0 0 0 omitted ) . The company requires a minimum cash

A cash budget, by quarter, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $5,000 to start each quarter.
Required:
1. Fill in the missing amounts in the table that follows:
Quarter
12
Cash balance, beginning $6 $?
Add collections from customers ??
Total cash available 71?
Less disbursements:
Purchase of inventory 3545
Selling and administrative expenses ?30
Equipment purchases 88
Dividends 22
Total disbursements ?85
Excess (deficiency) of cash available over disbursements (2)?
Financing:
Borrowings ?15
Repayments*--
Total financing ??
Cash balance, ending $? $?
*For this exercise, assume there will be no interest on any borrowings.

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