A cash budget by quarters for the Carney Company is given below (note that some data are missing). Missing data amounts have been keyed with either question marks or lowercase letters (a, b, c, etc.); these lowercase letters will be referred to in the questions that follow. (It may be necessary to calculate a value for items where a question mark appears.) A zero amount is designated by a dash (-). The company requires a minimum cash balance of at least $10,000 to start a quarter. All data are in thousands of dollars.

Carney Corporation
Cash Budget

-What is the repayment (including interest)of financing during the second quarter (item d),in thousands of dollars?

Question

A cash budget by quarters for the Carney Company is given below (note that some data are missing) . Missing data amounts have been keyed with either question marks or lowercase letters (a, b, c, etc.) ; these lowercase letters will be referred to in the questions that follow. (It may be necessary to calculate a value for items where a question mark appears.) A zero amount is designated by a dash (-) . The company requires a minimum cash balance of at least $10,000 to start a quarter. All data are in thousands of dollars.

Carney Corporation
Cash Budget

-What is the repayment (including interest) of financing during the second quarter (item d) ,in thousands of dollars?

Carney Corporation
Cash Budget

-What is the repayment (including interest)of financing during the second quarter (item d),in thousands of dollars?

Quizplus · Accepted Answer

The repayment of financing during the second quarter includes interest, which is calculated based on the given data. The correct calculation leads to a repayment amount of $4,000, which is represented in thousands as $4.

A Cash Budget by Quarters for the Carney Company Is