258152561- Problem 8. On the president of Univax, Inc., has just approached the company's bank seeking short-term financing for the coming year, Year 2. Univax is a distributor of commercial vacuum cleaners. The bank has stated that the loan request must be accompanied by a detailed cash budget that shows the quarters in which financing will be needed, as well as the amounts that will be needed and the quarters in which repayment can be made. answers you have.

On quesiton 3.2. on preparing the cash budget by quarter and in total for year.

How you got $(60,000) for repayment for 3rd qtr. and also how you got 1% (5,400) for the same quarter.

thank you