need help with 4

per share, and the stock rose to 543 pel Movers paid $896,000 in legal and other direct costs and $225,000 in indirect was the flotation cost as a percentage of the funds raised? Show your work. Chapter 16 3. Can a firm have a negative cash cycle? If yes, explain how that can occur and discuss whether or not that would be good for a firm. If no, explain why that cannot occur and why preventing it from occurring is good for a firm. 4. Here are some important figures from the budget of Wexter Enterprises for the second quarter of 2013: April May June $411.000 Credit sales $432.000 $368,000 250.200 Credit purchases 293.800 307,400 Cash disbursements 76.500 82.300 84.900 Wages, taxes, and expenses 8.200 Interest 8.200 8.200 27.500 Equipment purchases 24.000 46.900 The company predicts that 2 percent of its credit sales will never be collected, 45 percent of its sales will be collected in the month of sale, and the remaining 53 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2013, credit sales were $387,000 and credit purchases were $279.500. What is the ending cash balance for April if the beginning cash balance was $97,500? Show your work