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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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Garden Depot

Cash budget

Q1

Q2

Q3

Q4

Year

Beginning Cash balance

$           26,000

$       10,000

$        62,350

$       61,350

$         26,000

Total cash receipt

$        210,000

$     360,000

$      240,000

$     260,000

$   1,070,000

Total cash available

$        236,000

$     370,000

$      302,350

$     321,350

$   1,096,000

Less: Total cash disbursement

$      (281,000)

$   (251,000)

$    (241,000)

$ (261,000)

$(1,034,000)

Excess of cash available over disbursement

$        (45,000)

$     119,000

$        61,350

$       60,350

$         62,000

Financing:

Borrowings

$           55,000

$         55,000

Repayments

$     (55,000)

$                  -  

$                -  

$      (55,000)

Interest

$       (1,650)

$                  -  

$                -  

$         (1,650)

Total financing

$           55,000

$     (56,650)

$                  -  

$                -  

$         (1,650)

Ending cash balance

$           10,000

$       62,350

$        61,350

$       60,350

$         60,350

End of Answer.

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