Q2:

Exercise 8-11 Cash Budget Analysis [LO8-8] A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $4,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Quarter (000 omitted) 2 4 Year Cash balance, beginning Add collections from customers Total cash available Less disbursements: 6 108 369 69 47 31 Purchase of inventory Selling and administrative expenses Equipment purchases Dividends 57 32 30 98 51 2 2 2 2 100 Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings 6 (13) Repayments (including interest)* Total financing Cash balance, ending Interest will total $1,000 for the year