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A cash budget, by quarters, is given below for a retail company ( 0 0 0 omitted ) . The company requires a minimum cash
A cash budget, by quarters, is given below for a retail company omitted The company requires a minimum cash balance of $ 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.
tableQuarter omittedtable omittedYearCash balance, beginning,$Add collections from customers,,,Total cash available,Less disbursements:,,,,Purchase of inventory,Selling and administrative expenses,,Equipment purchases,DividendsTotal disbursements,,Excess deficiency of cash available over disbursements,Financing:BorrowingsRepayments including interestTotal financing,,,,
tableCash balance, endingInterest will total $ for the year.
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