EXERCISE 7-6 Inferring Cash Budget Relations [LO2 - CC12] d). The company A cash budget, by quarters, follows for a retail company. Fill in the missing amounts (000 omitted). Th requires a minimum cash balance of at least $5,000 to start each quarter. Q1 $ 6 ? Q2 $ ? ? Q3 $ ? 96 Q4 $ ? 2 Cash balance, beginning Add: Collections from customers ? ? Total cash available before current financing Deduct: Disbursements: Purchase of inventory 35 4 5 ? 35 ? Operating expenses ? 8 8 30d ? 10 bani ? 2 2 Equipment purchases Dividends 2 Total disbursements obd2 Excess (deficiency) of cash available over (2) disbursements 1997 2 Financing: SEX Borrowings Repayments (including interest)* Total financing Bohol || 1 Cash balance, ending 1996 1 "Interest will total $1,000 for the year. |