a. Paymore places orders for goods equal to 75% of its sales forecast for the next quarter. What will orders be in each quarter of the coming year if the sales in the current quarter are expected to be $320 and the sales forecasts for the next five quarters are as follows?

b. Paymore pays for two-thirds of the purchases immediately and pays for the remaining purchases in the next quarter. Calculate Paymores cash payments in the coming year.

c. Paymores customers pay their bills with a two-quarter delay. What are the expected cash receipts from sales in the coming year? Assume Paymore began operations in the coming year and so has no sales in periods prior to Q1.

d. Now suppose that Paymores other expenses are $102 a quarter. Calculate the expected net cash flow for each quarter in the coming year.

e. Suppose that Paymores starting cash balance is $39 and its minimum acceptable balance is $33. Work out the short-term financing requirements for the coming year.

Quarter in Coming Year Second Third 351 335 First 380 Sales forecast, $ Following Year First Quarter 375 Fourth 341