ANSWERS PREVIOUSLY PROVIDED ARE WRONG. PLEASE SEE BELOW FOR ANSWERS PREVIOUSLY PROVIDED.

REWORK. NEEDS TO BE DONE AGAIN. PLEASE READ THE QUESTIONS AND CAREFULLY LOOK AT ALL THE NUMBERS.

ANSWERS PREVIOUSLY PROVIDED ARE WRONG. PLEASE SEE BELOW FOR ANSWERS PREVIOUSLY PROVIDED.

BELOW ARE THE ASNSWERS THAT ARE CORRECT AND THE ANSWERS THAT ARE WRONG

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of least $3,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies ar Repayments should be indicated by a minus sign.) Cash balance, beginning Add collections from customers Total cash available Less disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending *Interest will total $1,000 for the year. $ 1 8 94 49 12 2 (1) Quarter (000 omitted) 2 3 59 45 9 2 115 17 110 30 24 2 5 4 33 2 (20) (000 omitted) Year 400 130 55 Anonymous answered this 575 answers Cash budget (000 omitted) Cash balance beginning Add collection from customer Total cash available Less disbursements: Purchase of inventory Selling and administrative expense Equipment purchase Dividend Total disbursement Excess (deficiency) Financing: Borrowing Repayments including interest Total financing Cash balance ending Was this answer helpful? 0 B 1 8 86 94 49 32 12 2 95 (1) 4 4 WA 3 O 2 3 98 101 59 45 9 2 115 (14) 17 17 3 3 3 110 113 52 30 24 2 108 5 0 (2) 0 3 4 3 106 109 33 23 10 2 68 41 0 (20) 0 21 Year 17 400 417 193 130 55 8 386 31 21 22 21 30 Cash balance, beginning Add collections from customers Total cash available Less disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest) * Total financing Cash balance, ending *Interest will total $1,000 for the year. X Answer is complete but not entirely correct. Quarter (000 omitted) 2 3 $ $ 1 8 S 86 94 49 32 12 2 95 (1) 3 4 4 3 S 3 S $ 98 333 101 59 45 9 2 115 (14) 17 3 17 3 $ 3 110 113 2 52 30 24 108 5 > > NO > 0 3003 (2) 0x 3 $ $ 4 3 106 109 33 23 10 2 68 41 0 (20) 333 33 3 >> 0 x $ 21 $ (000 omitted) Year 17 x 400 417 X 3 193 130 55 8 386 31 X XXXX 21 22 X 21 x 30 x