Q1Q2Q3Q4

Total CashReceipts$160,000175,000100,000450,000

Total CashDisbursements$170,000250,000100,000320,000

The company's beginning cash balance for the upcoming fiscal year will be $75,000. The company requires a minimum cash balance of $25,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded.

Q1 Q2 Q3 Q4 YEAR BEGINNING BALACE ADD: CASH RECEIPTS TOTAL CASH LESS DISBURSEMENTS DEFICIENCY) OF CASH AVAILABLE FINANCING BORROWINGS AT BEG. OF QUARTER REPAYMENTS AT END OF QUARTER INTEREST PAID WITH REPAYMENTS TOTAL FINANCING ENDING CASH