Correct Answer:
Quarter (000 omitted) |
(000 omitted) |
||||
1 |
2 |
3 |
4 |
year |
|
Cash Balance Beginning |
$ 7.00 |
$ 5.00 |
$ 5.00 |
$ 5.00 |
$ 7.00 |
Add: Collection from Customers |
$ 73.00 |
$ 72.00 |
$ 97.00 |
$ 93.00 |
$ 335.00 |
Total Cash Available |
$ 80.00 |
$ 77.00 |
$ 102.00 |
$ 98.00 |
$ 342.00 |
Less: Disbursements |
|||||
Purchase of Inventory |
$ 36.00 |
$ 46.00 |
$ 45.00 |
$ 28.00 |
$ 155.00 |
Selling and Administrative expenses |
$ 37.00 |
$ 30.00 |
$ 30.00 |
$ 20.00 |
$ 117.00 |
Equipment purchases |
$ 7.00 |
$ 10.00 |
$ 11.00 |
$ 10.00 |
$ 38.00 |
Dividends |
$ 2.00 |
$ 2.00 |
$ 2.00 |
$ 2.00 |
$ 8.00 |
Total Disbursements |
$ 82.00 |
$ 88.00 |
$ 88.00 |
$ 60.00 |
$ 318.00 |
Excess (deficiency) of cash |
$ (2.00) |
$ (11.00) |
$ 14.00 |
$ 38.00 |
$ 24.00 |
Financing |
$ - |
||||
Borrowing |
$ 7.00 |
$ 16.00 |
$ - |
$ 23.00 |
|
repayments (including interest) |
$ (9.00) |
$ (15.00) |
$ (24.00) |
||
Total Financing |
$ 7.00 |
$ 16.00 |
$ (9.00) |
$ (15.00) |
$ (1.00) |
|
$ - |
||||
Cash Balance Ending |
$ 5.00 |
$ 5.00 |
$ 5.00 |
$ 23.00 |
$ 23.00 |
End of answer.
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