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Intro Square Peg Corp.'s actual sales for the previous quarter (Q4) and estimated sales for the next four quarters are given below (in $

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Intro Square Peg Corp.'s actual sales for the previous quarter (Q4) and estimated sales for the next four quarters are given below (in $ million): Quarter Q4 Q1 Q2 Q3 Q4 Sales ($ million) 120 132 145 160 176 45% of sales are cash sales and the remainder are credit sales which are collected in the following quarter. The cash balance at the beginning of Q1 is $200 million. The company sells its products for $10 per unit and it costs $4 to produce each unit. All production costs are paid in the quarter of the sale. In addition, the company incurs fixed costs of $40 million per quarter. The company uses level production, producing one quarter of expected annual production in quarters 1 to 4. Part 1 Attempt 1/10 for 10 pts. Determine cash collections for Q1 to Q4. What are cash collections in Q4 (in $ million)? 0+ decimals Submit

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