Your answer is partially correct. Try again. Bramble, Inc. prepared the following cash budget for the...

Your answer is partially correct. Try again.

Bramble, Inc. prepared the following cash budget for the fourth quarter. Fill in the missing amounts, assuming that Bramble desires to maintain a $15,000 minimum monthly cash balance and all equipment was purchased during December. Any required borrowings and repayments must be made in even increments of $1,000. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)

	October	November	December	Quarter
Beginning cash balance	$	$15,530	$	$16,290
Collections from sales	56,290			241,390
Total cash available	72,580	97,630	125,320
Less disbursements
Materials purchases		9,370	13,960	35,370
Direct labor	5,020	5,740	7,830	18,590
Manufacturing overhead	20,100	21,660	21,970
Selling & administrative expenses	28,890	29,450
Equipment purchase				15,440
Dividends			4,940	4,940
Total disbursements	66,050
Excess (deficiency) of cash		31,410
Minimum cash balance	15,000	15,000	15,000
Cash available (needed)	-8,470		14,730
Financing:
Borrowings				9,000
Repayments				-9,000
Interest		-90		-90
Total financing		-9,090		-90
Ending cash balance	$15,530	$22,320	$	$

Expert Solution



		October	November	December	Quarter
	Beginning cash balance	16,290	15,530	22,320	$16,290
	Collections from sales	56,290	82,100	103,000	241,390
A	Total cash available	72,580	97,630	125,320
	Less disbursements:
	Materials purchases	12,040	9,370	13,960	35,370
	Direct labor	5,020	5,740	7,830	18,590
	Manufacturing overhead	20,100	21,660	21,970	63,730
	Selling & administrative expenses	28,890	29,450	31,450	89,790
	Equipment purchase in Dec	-	-	15,440	15,440
	Dividends	-	-	4,940	4,940
B	Total disbursements	66,050	66,220	95,590	227,860
	Excess (deficiency) of cash (A-B)	6,530	31,410	29,730
	Minimum cash balance	15,000	15,000	15,000
	Cash available (needed)	- 8,470		14,730
	Financing:
	Borrowings-Balance	24,000			9,000
	Repayments		- 9,000		- 9,000
	Interest		- 90		- 90
	Total financing	24,000	- 9,090		- 90
	Ending cash balance	15,530	22,320	29,730	$


		October	November
	Total cash available	72,580	97,630
	Less: Collection of Sales/beg Bala	56,290	15,530
	Beginning cash balance	16,290	82,100

	Materials purchases-Qtr	35,370
	Less: Nov & Dec	23,330
	Oct Purchases	12,040

	Total disbursements	66,050
	Less: All Other Expense	66,050
	Dividend	-

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