10 points QUESTIONS Refer to the Jackson Automotive case. A change in economic conditions requires an immediate extension of credit policies in the industry. As a result. Jackson anticipates the collection period of its AR will be 45 days. Additionally, jackson expects its suppliers to extend the payment period of its A/P to 45 days. Both changes will take effect by the end of June. Assume Jackson meets its sales estimates What is the cash balance at the end of September, assuming Jackson still pays off the 57.4 million in notes? 0.-$2.6 million -$2.2 million -$1.7 million $1.3 million QUESTIONS 10 points Save Suppose a firm increases its dividend payout ratio. Assuming no other changes, what impact will this have on the amount of external nonspontaneous funding needed? O unpredictable impact on necessary funding negligible impact on necessary funding O positive impact (more funding needed) O negative impact (less funding needed) QUESTION 10 10 poi Refer to the Jackson Automotive case. What is the expected end-of-month cash balance for August assuming all our assumptions and expectations hold true? O $500,435 $162.752 $7.032 million $808.334