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Construct a short-term financial plan for Springfield Snowboards based on its expansion opportunity described in the Positive Cash Flow Shocks which forecasts additional capital expenditures,

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Construct a short-term financial plan for Springfield Snowboards based on its expansion opportunity described in the "Positive Cash Flow Shocks" which forecasts additional capital expenditures, marketing (SG&A), and working capital in Q1 and Q2 along with higher sales in Assume that Springfield ends 2014 with $1030 in cash and that its bank will offer it a short-term loan at the rate 1.75% per quarter. Assume that the minimum cash balance to be maintained is $510

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Complete the cash budget based on the assumptions of the problem. (Round to the nearest integer.) Cash Balance and Short-Term Financing ($000) 201301 2013Q2 2013Q3 201304 Starling Cash Balance Change in Cash and Equivalents Minimum Cash Balance Surplus (Deficit) Relative to Minimum Increase (Decrease) in Short-Term Finanng Existing Short-term Financing lofal Short-term Financing Ending Cash Balance S (Select the best choice below.) O A. They will need to borrow $176,000 for the first quarter of 2013, and they will pay back the loan during O B. They will need to borrow $176,000 for the second quarter of 2013, and they will pay back the loarn O C. They will need to borrow $176,000 for the first quarter of 2013, and they will pay back the loan during O D. They will need to borrow $176,000 for the third quarter of 2013, and they will pay back the loan during Q4 of 2013. during Q3 of 2013. Q2 of 2013. Q4 of 2013

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