Minimum ending cash balance Selling price per unit) Recent and forecast sales in units: Desired ending imentories (percentage of net month's sales) Cost of tes (per unit) Purchases paid as follows: In month of purchase In following month Collection on sales: Sales oollected owment month Sales colected following month Sales collected 2nd month following variable monthly expenses Sales commissions (perse) Fixed monthly expenses: Wages and Ralanes Land purchased in May Dividends declared each quarter Balance sheet at March 31 Inventory (24,750 units) Fixed assets, net of depreciation and Stockholders Equity Retained earnings Total liabilties and stockholders' equny Agreement with Bank: Interest rate per month Total of interest paid each quarter Required minimum cash balance s 19,440 158760 $8.10 41.000 $4.85 $1.00 $22.000 14.000 30,000 12.000 20,037,50 $400,330 76,903.75 12,000 $499,337.50 $1,000