3. Futebal do Brasil, S.A. Futebal do Brazil, S.A. pur- chases newly sewn soccer balls from Pakistani man- ufacturers and distributes them in Argentina, Brazil, and Chile. All operations are through wholly owned subsidiaries. The three subsidiaries have submitted the following daily cash reports, with all amounts in thousands of U.S. dollars, which the Brazilian com- pany uses for cash management purposes. Each of the two foreign subsidiaries is allowed to carry a $1,000,000 cash balance overnight, with the remain- der remitted to a U.S. dollar account maintained in So Paulo unless instructed otherwise by the Brazilian financial staff. As a general matter, the cost of moving funds is such that funds should not be moved for one day and then returned the next, but a movement for two days which is then reversed is financially advantageous. The Brazilian headquar- ters invests surplus cash balance over US$5,000,000 in U.S. money market instruments purchased through the Miami correspondent bank of the firm's Brazilian bank. Anticipated cash flows, in thousands of U.S. dollarsSo Paulo unless instructed otherwise by the Brazilian financial staff. As a general matter, the cost of moving funds is such that funds should not be moved for one day and then returned the next, but a movement for two days which is then reversed is financially advantageous. The Brazilian headquar- ters invests surplus cash balance over US$5,000,000 in U.S. money market instruments purchased through the Miami correspondent bank of the firm's Brazilian bank. Anticipated cash flows, in thousands of U.S. dollars

Design an advantageous cash movement plan that complies with Futebal do Brasil general policies.

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Companhia Compaa Compaa. Futebal do Ftbal de Ftbal de Brasil Argentina Chile Day-end cash balance $6,000 $5,000 $5,000 Minimum operating balance required: $5,000 $1,000 $1,000 Expected receipts (+) or disbursements (-) +1 day +2 days +3 days +3,000 -2,000 +5,000 +1,000 3,000 -5,000 -3,000 +2,000