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Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following s
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CASH BUDGET

1st quarter 2nd quarter 3rd quarter 4th quarter year
beginning balance 24000 10000 52400 48400 24000
Total cash receipts 200000 350000 230000 250000 1030000
cash disbursements 274000 244000 234000 254000 1006000
excess of cash over disbursements -50000 116000 48400 44400 48000
financing
borrowings 60000 [50000+10000minimum] 60000
repayments -60000 -60000
interest -3600[60000*3%*2quarter] -3600
total financing 60000
ending cash balance 10000 [-50000+60000] 52400 48400 44400 44400
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