Beasley Company Beasley Company prepared a cash budget by quarters for the upcoming year.Missing data amounts are indicated with question marks or lower case letters;these lower case letters will be referred to in the questions that follow. Beasley requires a minimum balance of $10,000 to start a quarter. All data are in thousands. Beasley Corporation Cash Budget

QTR 1 QTR 2 QTR 3 QTR 4

Cash balance, beginning $16 $ e $13 $10

Add collections from customers a 70 67 80

Total cash available ? ? 80 90

Less disbursements:

Purchase of inventory 31 c 40 35

Operating expenses 25 22 ? 15

Equipment purchases 10 14 19 0

Dividends 0 6 0 5

Total disbursements 66 ? f 55

Excess (deficiency) of cash available over disbursements 7 17 (2) 35

Financing:

Borrowings: b -- 12 --

Repayments (including interest) -- d -- (12)

Total financing ? ? 12 (12)

Cash balance, ending $10 $? $10 $23

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Refer to Beasley Company.The repayment (including interest)of financing during the second quarter (item d)is:

Question

Beasley Company
Beasley Company prepared a cash budget by quarters for the upcoming year.Missing data amounts are indicated with question marks or lower case letters;these lower case letters will be referred to in the questions that follow.
Beasley requires a minimum balance of $10,000 to start a quarter.
All data are in thousands.
Beasley Corporation
Cash Budget

	QTR 1	QTR 2	QTR 3	QTR 4
Cash balance, beginning	$16	$ e	$13	$10
Add collections from customers	a	70	67	80
Total cash available	?	?	80	90
Less disbursements:
Purchase of inventory	31	c	40	35
Operating expenses	25	22	?	15
Equipment purchases	10	14	19	0
Dividends	0	6	0	5
Total disbursements	66	?	f	55
Excess (deficiency) of cash available over disbursements	7	17	(2)	35
Financing:
Borrowings:	b	--	12	--
Repayments (including interest)	--	d	--	(12)
Total financing	?	?	12	(12)
Cash balance, ending	$10	$?	$10	$23
	====	====	====	====

Refer to Beasley Company.The repayment (including interest)of financing during the second quarter (item d)is:

Quizplus · Accepted Answer

The excess of cash available over disbursements in Q2 is $17, which means no borrowing is needed. Therefore, the repayment (including interest) must be $4 to maintain the minimum balance of $10,000 at the end of Q2.

Beasley Company Beasley Company Prepared a Cash Budget by Quarters for the for the Upcoming