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Required information A cash budget by quarters for the Carney Company is given below (note that some data are missing). Missing data amounts have been
Required information 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 lowercase letters (a, b, c, etc.); these lowercase letters will be referred to in the questions that follow. (It may be necessary to calculate a value for items where a question mark appears.) A zero amount is designated by a dash (-). The company requires a minimum cash balance of at least $10,000 to start a quarter. All data are in thousands of dollars. Carney Corporation Cash Budget Quarters 1 $16 $a 2 $e $70 4 $10 3 $13 $67) $80 $80 $90 $40 $35 $31) $10 $19 Cash balance, beginning Add: collections from customers Total cash available Less: disbursements Purchase of inventory Operating expenses Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments (including interest) Total financing Cash balance, ending $c $14 $6 $? $17 $76 $- $f $(2) $55 $35 | $6 $12 $- $al $ (16) $ (16) $12 $10 $100 $19 What is the repayment (including interest) of financing during the second quarter (item d), in thousands of dollars
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