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Moonev Equipment is putting together its cash budget for the following year and has forecasted expected cash collections over the neat five quarters (one year plus the first quarter of next vear). The cash collection estimates are bosed on sales projections and expected collection of receivables. The sales and cash coliection estimates are shown in the following table (in millions of dollars): You also have the following information about Mooney Equipment: - You are at the end of the current year, and Q1 is the next period. - In any given period, Mooner's purchases from suppliers generally account for 72% ef the expected sales in the nent period, and wages, tupplies, and taxes are expected to be 15% of the next period's sales. - In the third quarte, Mooney expects to expand one of its plants, which will require an additional $1,072 million inveitment. - Every quacter, Mooner pars 145 miliph in interest and dividend payments to fong-term debt and equity investors. - Mooner prefers to keep a minimum target cash balance of at least $14 mation of all times. Using tha information, complete the following table by making neceisary calculations. (Note: Round intermediace calculatians to the nearest whole dally The het cash inflow that Mooney expects in the first quarter (Q1) - You are at the end of the current year, and Q1 is the next period. - In any given period, Mooney's purchases from suppliers generally account for 72% of the expected sales in the next period, and wages, supplies, and taxes are expected to be 15% of the next period's sales. - In the third quarter, Mooney expects to expand one of its plants, which will require an additional $1,072 million investment. - Every quarter, Mooney pays $45 million in interest and dividend payments to long-term debt and equity investors: - Mooney prefers to keep a minimum target cash balance of at least $14 million at all times. Using this information, complete the following table by making necessary calculations. (Note: Round intermediate calculations to the nearest whole doliar.) True or False: Based on the surplus or deficit derived from the cash budget, managers negotiate for short-term loans with banks, They often add a cushion to the difference between forecasted ending cash balance and the minimum target cash balance. True False Using this information, complete the following table by making necossary calculations. (Note: Round intermediate calculations to the nearest whole dollar.) cushion to the difference between forecasted ending cash balance and the minimum target cash balance. True False Using this information, complete the following table by making necessary caiculations. (Note: Round intermediate caiculations to the nearest whole doliar.) The net cash inflow that Mooney expects in the first quarter (Q1) Mooney's likely cash balance at the end of the year (after Q4). (Hint: Assume that at the beginning of the year, Mooney's cash balance is $36 million and it expects to maintain a minimum target cash balance of at least $14 million.) The maximum investable funds that the firm expects to have in the next year: The largest cash deficit that the firm expects to suffer in the next year. True or False: Based on the surplus or deficit derived from the cash budget, managers negotiate cushion to the difference between forecasted ending cash balance and the minimum target cash Jans with banks. They often add a True False Using this information, complete the following table by making necessary calculations. (Note: Round intermediate calculations to the nearest whole dollar.) True or False: Based on the surplus or deficit derived from the cash budget, managers negotiate cushion to the difference between forecasted ending cash balance and the minimum target cash ns with banks. They often add a True False
