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Less Disbursements Salaries and benefits Office expenses Equipment purchases & maintenance Specific assistance Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings from endowment fund Repayments Total financing effects Cash balance, ending Show Transcribed Text 2 102 3 22 (65) C < Required 2 384 7 16 Complete this question by entering your answers in the tabs below. (36) Required: 2. Complete the cash budget for each quarter and the year as a whole. 3. Determine the amount that the agency will owe the endowment fund at year-end. 85 9 18 113 The Board of Trustees requires that Tri-County maintain a minimum cash balance of $15. • If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $15 minimum. 72 . It is anticipated that the year will begin with an $18 cash balance. . Contract revenue is received evenly during the year. • Mental health income is expected to grow by $4 in the second and third quarters; no change is expected in the fourth quart Required 3 145 Required 2 Required 3 Determine the amount that the agency will owe the endowment fund at year-end. (Enter your answer in thousands.) Amount owed to endowment fund 1,800 362 27 86

Less Disbursements Salaries and benefits Office expenses Equipment purchases & maintenance Specific assistance Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings from endowment fund Repayments Total financing effects Cash balance, ending Show Transcribed Text 2 102 3 22 (65) C < Required 2 384 7 16 Complete this question by entering your answers in the tabs below. (36) Required: 2. Complete the cash budget for each quarter and the year as a whole. 3. Determine the amount that the agency will owe the endowment fund at year-end. 85 9 18 113 The Board of Trustees requires that Tri-County maintain a minimum cash balance of $15. • If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $15 minimum. 72 . It is anticipated that the year will begin with an $18 cash balance. . Contract revenue is received evenly during the year. • Mental health income is expected to grow by $4 in the second and third quarters; no change is expected in the fourth quart Required 3 145 Required 2 Required 3 Determine the amount that the agency will owe the endowment fund at year-end. (Enter your answer in thousands.) Amount owed to endowment fund 1,800 362 27 86

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Cash balance, beginning Receipts Grants -Contracts Mental health income Charitable donations Total cash available Less Disbursements Salaries and benefits. Office expenses Equipment purchases & maintenance Specific assistance Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings from endowment fund Repayments Total financing effects Cash balance, ending Show Transcribed Text $ Required 3 1 18 Amount owed to endowment fund 75 < Required 2 52 480 102 3 22 (65) 11 Complete this question by entering your answers in the tabs below. 96 561 384 Required: 2. Complete the cash budget for each quarter and the year as a whole. 3. Determine the amount that the agency will owe the endowment fund at year-end. 7 16 (36) III 290 436 Required 3 > 85 9 18 113 IV 510 72 145 • The Board of Trustees requires that Tri-County maintain a minimum cash balance of $15. • If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $15 minimum. . It is anticipated that the year will begin with an $18 cash balance. • Contract revenue is received evenly during the year. • Mental health income is expected to grow by $4 in the second and third quarters; no change is expected in the fourth quart Required 2 Determine the amount that the agency will owe the endowment fund at year-end. (Enter your answer in thousands.) $ Year 18 253 120 228 1,800 362 27 86
Transcribed Image Text:Cash balance, beginning Receipts Grants -Contracts Mental health income Charitable donations Total cash available Less Disbursements Salaries and benefits. Office expenses Equipment purchases & maintenance Specific assistance Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings from endowment fund Repayments Total financing effects Cash balance, ending Show Transcribed Text $ Required 3 1 18 Amount owed to endowment fund 75 < Required 2 52 480 102 3 22 (65) 11 Complete this question by entering your answers in the tabs below. 96 561 384 Required: 2. Complete the cash budget for each quarter and the year as a whole. 3. Determine the amount that the agency will owe the endowment fund at year-end. 7 16 (36) III 290 436 Required 3 > 85 9 18 113 IV 510 72 145 • The Board of Trustees requires that Tri-County maintain a minimum cash balance of $15. • If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $15 minimum. . It is anticipated that the year will begin with an $18 cash balance. • Contract revenue is received evenly during the year. • Mental health income is expected to grow by $4 in the second and third quarters; no change is expected in the fourth quart Required 2 Determine the amount that the agency will owe the endowment fund at year-end. (Enter your answer in thousands.) $ Year 18 253 120 228 1,800 362 27 86
Tri-County Social Service Agency is a not-for-profit organization in the Midwest. Use the following information to complete the cash budget for the year ending December 31. The Board of Trustees requires that Tri-County maintain a minimum cash balance of $15. If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $15 minimum. It is anticipated that the year will begin with an $18 cash balance. • Contract revenue is received evenly during the year. • Mental health income is expected to grow by $4 in the second and third quarters; no change is expected in the fourth quarter. Required: 2. Complete the cash budget for each quarter and the year as a whole. 3. Determine the amount that the agency will owe the endowment fund at year-end. Complete this question by entering your answers in the tabs below. Required 2 Required 3 Complete the cash budget for each quarter and the year as a whole. (Cash deficiency and repayments should be indicated by a minus sign. Enter your answers in thousands.) Cash balance, beginning Cash Budget for Tri-County Social Service Agency (in thousands) $ 18 11 Quarters III ME IV $ Year 18
Transcribed Image Text:Tri-County Social Service Agency is a not-for-profit organization in the Midwest. Use the following information to complete the cash budget for the year ending December 31. The Board of Trustees requires that Tri-County maintain a minimum cash balance of $15. If cash is short, the agency may borrow from an endowment fund the amount required to maintain the $15 minimum. It is anticipated that the year will begin with an $18 cash balance. • Contract revenue is received evenly during the year. • Mental health income is expected to grow by $4 in the second and third quarters; no change is expected in the fourth quarter. Required: 2. Complete the cash budget for each quarter and the year as a whole. 3. Determine the amount that the agency will owe the endowment fund at year-end. Complete this question by entering your answers in the tabs below. Required 2 Required 3 Complete the cash budget for each quarter and the year as a whole. (Cash deficiency and repayments should be indicated by a minus sign. Enter your answers in thousands.) Cash balance, beginning Cash Budget for Tri-County Social Service Agency (in thousands) $ 18 11 Quarters III ME IV $ Year 18
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