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    Company's cash budget

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    Forest Outfitters is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:

    1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
    Total cash receipts $ 363,000 $ 680,000 $ 416,000 $ 489,000
    Total cash disbursements $ 524,000 $ 402,000 $ 418,000 $ 493,000
    ________________________________________

    The company's beginning cash balance for the upcoming fiscal year will be $52,000. The company requires a minimum cash balance of $31,600 and may borrow any amount needed from a local bank at a quarterly interest rate of 1.4%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid.

    Required:
    Complete the company's cash budget for the upcoming fiscal year. (Input all amounts as positive values except cash deficiency, repayments, and interest, which should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)

    Forest Outfitters
    Cash Budget
    1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
    Cash balance, beginning $
    $
    $
    $
    $

    Total cash receipts

    ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________
    Total cash available

    Less total cash disbursements

    ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________
    Excess (deficiency) of cash available over disbursements

    ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________
    Financing:
    Borrowings (at beginning)

    Repayments (at ending)

    Interest

    ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________
    Total financing

    ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________
    Cash balance, ending $
    $
    $
    $
    $

    Please check the excel file

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    https://brainmass.com/business/cash-budgeting/company-s-cash-budget-437687

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    Forest Outfitters is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:

    1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
    Total cash receipts $ 363,000 $ 680,000 $ 416,000 $ 489,000
    Total cash disbursements $ 524,000 $ 402,000 $ 418,000 $ 493,000
    ________________________________________

    The company's beginning cash balance for the upcoming fiscal year will be $52,000. The company requires a minimum cash balance of $31,600 and may borrow any amount needed from a local bank at a quarterly interest rate of 1.4%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part ...

    Solution Summary

    Solution helps in preparing company's cash budget

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