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Business · Accounting
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A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. F in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Cash Budget Quarter (000 omitted) Year 5 5 6 Cash balance, beginning 6 67 Add collections from customers 108 102 389 112 107 Total cash available 395 Less disbursements: 200 Purchase of inventory 22 45 30 20 17 Selling and administrative expe 14 9 26 10 59 Equipment purchases 2 2 2 2 8 Dividends 89 117 111 67 Total disbursements 384 Excess (deficiency) of cash available over disbursements (16) Financing 21 15 0 0 36 Borrowings Repayments (including interest) 21 15 (36) Total financing Cash balance, en *Interest will total $1,000 for the year.

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