Intro It is the beginning of January. Actual sales for the previous quarter (Q4) and estimated sales for the next five quarters are as follows (in $ million): Quarter Q4 Q1 Q2 Q3 Q4 Q1 79 63 68 70 94.8 75 Sales Your average collection period (receivables period) 40 days and your average account payable period is 70 days. You expect to always spend 40% of the following quarter's sales on purchases of components from suppliers. Wages and other expenses add up to 35% of each quarter's sales. You have to pay $4 million in interest each quarter, and plan to spend $60 million on new machinery in Q2. You start the year with $3 million in cash. Assume that each quarter has 90 days, sales occur evenly throughout the quarter and all other cash flows occur at the end of the quarter. Attempt 1/10 for 10 pts. Part 7 Add some more rows to the disbursement worksheet showing wages & other expenses, interest payments and net capital spending and total cash disbursements for Q1 to Q4. What is your expected total cash disbursement in (future) Q4 (in $ million)? 0+ decimals Submit Attempt 1/10 for 10 pts. Part 8 Add another worksheet to your spreadsheet and label it "Cash budget". Add rows for beginning cash balance, cash collections, cash disbursements and ending cash balance for Q1 to Q4. What is your expected cash balance at the end of Q4 (in $ million)? 1+ decimals Submit Attempt 1/10 for 10 pts. Part 9 Company policy is to borrow just enough every quarter to prevent the cash balance from becoming negative. Rename "Ending cash balance" to "Intermediate cash balance" on worksheet "Cash budget" and add two rows for short-term debt issuance and ending cash balance. What is the ending cash balance in Q4 (in $ million)? Attempt 1/10 for 10 pts. Part 10 The company also has a policy of repaying short-term debt as much as cash flows allow. Insert another row for debt repayment between debt issuance and ending cash balance, and add two rows for beginning debt and ending debt. What is the ending cash balance in Q4 (in $ million)? 0+ decimals