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Problem (10) A cash budget by quarters for the Carney Company is given below (note that some data are missing). Missing data amounts have
Problem (10) A cash budget by quarters for the Carney Company is given below (note that some data are missing). Missing data amounts have been keyed with either question marks or lower-case letters (a, b, c, etc.); these lower-case letters will be referred to in the questions that follow. (It may be necessary to calculate the value for items where a question mark appears.) The company requires a minimum cash balance of at least $10,000 to start the quarter. All data are in thousands. Carney Company Cash Budget Cash balance, beginning Font Add collections from customers Total cash available Less disbursements: Purchase of inventory Operating expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest) Total financing Cash balance, ending Quart ers 1 $16 31 35 10 O 66 7 b 2 70 22 14 6 17 d 3 $13 67 80 40 19 O 12 12 4 $10 80 90 35 15 5 55 35 S14
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