$($Cash Budget$)$ Glendale Corporation has a $60-$day average collection period and wishes to maintain a $$160$ million minimum cash balance. Based on the table below, complete the cash budget.

$\backslash$table$[[$Glendale Corporation Cash Budget in Smilions$],[,01,$Q$2,03,04],[$Beginning receivables,$240,100,100,100],[$Sales$,150,165,180,135],[$Cash collections,$290,155,170,165],[$Ending receivables,$100,110,120,90],[$Total cash collections,$290,155,160,165],[$Total cash disbursements,$170,160,185,160],[$Netcash infiow,$120,-5,-5,-25],[$Begiming cash balance.,$45,165,160,145],[$Netcashimiow$,120,-5,-15,25],[$Finding cash balance,$165,160,145,120],[$Minimum cash balance,$-160,-160,-160,-160],[$Commlativesumplus $($defici$,5,\frac{?}{\text{b}\text{a}\text{r}}(0),-15,40]]$

$6))($Factoring$)$ Your firm has an average collection period of $31$ days. The current practice is to factor all receivables immediately at a discount of $1\mathrm{.}25$ percent. What is the effective cost of borrowing DAR in this case?

$7))($Compensating Balance$)$ QuickJoan Bank offers your firm a line of credit at $8\mathrm{.}25\%$ ammally up to $$25$ million. In addition, the bank requires you to maintain a $5\%$ compensation balance against the amount you borrowed. What is the effective interest rate on this line of credit?

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