Drop down options:

1. 45.00, 45.45, 56.81, 70.00

2. 9.50, 9.80, 10.00, 14.70

3. 9.50, 14.70 73.50, 75.00

4. 9.50, 10.30, 73.50, 75.00

5. 97.70, 98.50, 99.20, 100.00

6. 47.25, 48.60, 56.81, 70.00

7. 20.20, 20.60, 21.00, 22.00

8. 5.00, 14.70, 40.00, 166.72

9. 5.00, 14.70, 40.00, 166.72

10. 5.00, 14.70, 40.00, 166.72

11. 0, 5.40, 49.50, 195.00

12. 310.75, 319.50, 319.65, 321.75

13. -1177.93, -1062.84, -1051.79, -959.58

14. 66.72, 166.72, 266.72, 333.44

15. -1229.56, -1177.93, -1051.79, -959.58

16. generate, spend

17. 107.67M, 1299.56M, 1466.28M

18. deficit, balance

19. -207.30M, 9.33M, 1299.56M, 1466.28M

20. surplus, shortfall

21. 9.33M, 1299.56M, 1466.28M, 22.00M

22. 959.58M, 1051.79M, 1177.93M, 1466.28M

23. -207.30M, 22.00M, 959.58M, 1051.79M

5. Cash budget Boudreaux Company's financial managers are meeting with the company's bank to renew their line of credit and discuss their investment needs. They have prepared the company's operating cash budget for the last six months of the year. The following budget assumptions were used to construct the budget: Boudreaux's total sales for each month were first calculated in the sales budget and are reflected on the first line of the cash budget. Boudreaux's sales are made on credit with terms of 2/10, net 30. Boudreaux's experience is that 15% is collected from customers who take advantage of the discount, 75% is collected in the second month, and the last 10% is collected in the third month after the sale. The budget assumes that there are no bad debts. The cost of materials averages 45% of Boudreaux's finished product. The purchases are generally made one month in advance of the sale, and Boudreaux pays its suppliers in 30 days. Accordingly. If July sales are forecasted at $110.00 million, then purchases during June would be $49.50 ($110.00 million x 45%), and this amount would be paid in July Other cash expenses include wages and salaries at 20% of monthly sales, monthly rent of $40.00 million, and other expenses equal to 5% of monthly sales. Estimated tax payments of $195.00 million and $206.00 million are required to be paid on July 15 and October 15, respectively. In addition, a $1,000.00 million payment for a new plant must be made in September Assume that Boudreaux's targeted cash balance is $106.72 million, and the estimated cash on hand on July 1 is $166.72 million Use the preceding information to fill in the missing amounts in the following cash budget for the period of July 1st to December 31st. Boudreaux Company ($ millions) Cash Budget May Jun Jul Sep Oct Nov Dec Credit sales $95.00 $100.00 Aug $101.00 46.35 $98.00 45.00 $110.00 Credit $103.00 47.25 $105.00 48.60 $108.00 49.50 purchases Jul Aug Sep Oct Nov Dec 14.85 Cash receipts Collections from this month's sales 15.14 15.43 15.88 16.17 Collections from 75.00 75.75 77.25 78.75 81.00 previous month's sales Collections from sales two months previously 9.80 10.00 10.10 10.30 S 10.50 Total cash $99.65 $100.89 $102.78 $104.93 $107.67 receipts Cash disbursements 45.00 45.45 46.35 48.60 49.50 Payments for credit purchases Wages and salaries 20.00 20.20 20.60 21.60 22.00 40.00 Rent Other expenses Taxes 40.00 5.05 40.00 5.15 40.00 5.40 40.00 5.50 5.00 195.00 1,000.00 Payment for plant construction Total cash $305.00 $110.70 $1,112.10 $115.60 $117.00 disbursements $-207.30 $-11.05 $-1,011.21 $ 216.72 $-10.67 $-9.33 Net cash flow (Receipts - disbursements) Beginning cash balance 166.72 40.58 -51.63 -1,062.84 - 1,279.56 1,290.23 -40.58 Ending cash balance -51.63 -1,279.56 1,290.23 1,299.5 166.72 166.72 Target (minimum) cash 166.72 166.72 166.72 balance $-207.30 $-218.35 $-1,446.28 $-1,456.95 $11.466.28 Surplus (shortfall) Gash Use the information provided in the budget to complete the following sentences. Boudreaux Company will be able to invest in short-term marketable securities in some months and will need to borrow to cover cash requirements in others. In the last six months of the year, Boudreaux will to end the year with a cash of and a cash of Boudreaux Company will wait a credit line of at least to cover the month with the greatest shortfall, and the financial managers can tell the bank to expect that they will be able to invest up to in short-term marketable securities