3.2. A firm makes monthly cash forecasts and distributes these forecast to a daily basis. For the upcoming month, anticipated cash infor are $1,000,000. Each of the first two weeks has five working da Twenty percent of the month's total cash receipts are expected be during the first week and 28 percent are expected be received during the second week. Within each week, receip are expected to be received as follows:

Day proportion

Monday 0.20

Tuesday 0.23

Wednesday 0.07

Thursday 0.20

Friday 0.30

The firm writes checks on Tuesday for the entire week's expenses except for taxes. Ten percent of these checks are cashed on Tur day, 5 percent on Wednesday. 60 percent on Thursday, and the remainder on Friday. Checks totaling $250,000 are to be written on Tuesday of the first week, and checks totaling $200,000 are be written on Tuesday of the second week. A tax payment in the amount of $100,000 will be made on Wednesday of the second week via wire transfer. Beginning cash is $50,000; this is also the desired cash at all times during the first two weeks of the month Generate the distributed daily cash forecast for the first two weeks of the upcoming month.

I need help with the solution of this problem, please

pter 3 Cast to a daily basis. For the upcoming month, anticipated cash inflows are $1,000,000. Each of the first two weeks has five working days. Twenty percent of the month's total cash receipts are expected to be received during the first week and 28 percent are expected to be received during the second week. Within each week, receipts are expected to be received as follows: Day Monday Tuesday Wednesday Thursday Friday Proportion 0.20 0.23 0.07 0.20 0.30 ball The firm writes checks on Tuesday for the entire week's expenses, except for taxes. Ten percent of these checks are cashed on Tues- day, 5 percent on Wednesday, 60 percent on Thursday, and the remainder on Friday. Checks totaling $250,000 are to be written on Tuesday of the first week, and checks totaling $200,000 are to be written on Tuesday of the second week. A tax payment in the amount of $100,000 .will be made on Wednesday of the second week via wire transfer. Beginning cash is $50,000; this is also the desired cash at all times during the first two weeks of the month . Generate the distributed daily cash forecast for the first two weeks of the upcoming month