Gibbs Company Gibbs 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.
Gibbs requires a minimum balance of $10,000 to start a quarter.
All data are in thousands.
Gibbs Corporation
Cash Budget
Refer to Gibbs Company. The borrowing required during the first quarter to meet the minimum cash balance (item b) is:

Question

Gibbs Company Gibbs 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.
Gibbs requires a minimum balance of $10,000 to start a quarter.
All data are in thousands.
Gibbs Corporation
Cash Budget
 Refer to Gibbs Company. The borrowing required during the first quarter to meet the minimum cash balance (item b) is:

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The Answer of Gibbs Company Gibbs 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.
Gibbs requires a minimum balance of $10,000 to start a quarter.
All data are in thousands.
Gibbs Corporation
Cash Budget
 Refer to Gibbs Company. The borrowing required during the first quarter to meet the minimum cash balance (item b) is:

Gibbs Company Gibbs Company Prepared a Cash Budget by Quarters