Ch.7- Solutions- Part 2 of 2

Ch.7- Solutions- Part 2 of 2 - Exercise711 1 $6 65 71...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Exercise 7-11   Quarter (000 omitted) 1 2 3 4 Year Cash balance, beginning. .................................................... $ 6 * $ 5 $ 5 $ 5 $ 6 Add collections from customers. ........................................   65       70           96     *     92       323     * Total cash available. ...........................................................   71     *   75       101         97       329     Less disbursements: Purchase of inventory. ..................................................... 35 * 45 * 48 35 * 163 Selling and administrative expenses. .............................. 28 30 * 30 * 25 113 * Equipment purchases. ..................................................... 8 * 8 * 10 * 10 36 * Dividends. .......................................................................       2    *       2    *           2    *         2    *         8    Total disbursements. ...........................................................   73       85     *       90         72       320     Excess (deficiency) of cash available over disbursements.     (2     )* (10 )     11     *     25             9    Financing: Borrowings. ..................................................................... 7 15 * 0 0 22 Repayments (including interest). ....................................       0          0          (6     )     (17     )*     (23     ) Total financing. ...................................................................       7      15           (6     )     (17     )         (1     ) Cash balance, ending. ......................................................... $       5    $       5    $        5    $        8    $        8    *Given.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Exercise 7-12  1. Gaeber Industries Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted unit sales. .............................. 8,000
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/11/2010 for the course ACC ACC taught by Professor Laila during the Spring '10 term at American University of Sharjah.

Page1 / 7

Ch.7- Solutions- Part 2 of 2 - Exercise711 1 $6 65 71...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online