4. The operating cycle of Amjad Co. is 120 days and its average collection period (ACP) is 30 days. The Company has a policy of keeping at least RO 5,000 on hand as a minimum cash balance, and has a beginning cash balance for the first quarter of RO 10,000. Beginning accounts receivables for the first quarter amount to RO 25,000. Sales for the first quarter are RO 100,000 and decrease each quarter by 10%. The purchases amount represents 45% of the next quarter's forecasted sales. The quarterly wages and other expenses is RO 7.000. The capital expenditure occurs in the second quarter and equals to RO 100,000. The interest and dividend payments are RO 3,000. The accounts payable period is 18 days. The beginning accounts payable is RO 15,000. a. What are cash collections for each quarter? Q1 Q2 Q3 Q4 Beginning Receivables Sales Cash collections Ending receivables b. What are cash disbursements for each quarter? Q1 02 Q3 Q4 Payment of amounts Wages and other expenses Capital expenditures Interest & Dividend payments Total cash disbursements C. What is the cumulative surplus (deficit) at the end of each quarter? Q1 Q2 Q3 Q4 Total cash collections Total cash disbursements Net cash inflow Beginning cash balance Net cash inflow Ending cash balance Minimum cash balance Cumulative surplus Kdeficit) ot is borrowed at 8% compounded quarterly. What is the short-term financial plan? Q1 Q2 Q3 Q4 Beginning cash balance Net cash inflow New short-term borrowing Interest paid on short- term investment (loan) Short-term borrowing repaid Ending cash balance Minimum cash balance Cumulative surplus Kdeficit) Beginning short-term debt Change in short-term debt Ending short-term debt