Quaret in coming year				Following year
	first	second	third	fourth	first
sale forecast	252	272	222	294	315

1)Kola Company places orders for goods equal to 60% of its sales forecast for the next quarter. What will orders be in each quarter of the coming year if the sales in the current quarter are expected to be $270 and the sales forecasts for the next five quarters are as follows? 2)Kola Company pays for one-thirds of the purchases immediately and pays for the remaining purchases in the next quarter. Calculate Kola Companys sum of its cash payments in the coming year if the current quarter are expected to be $270. 3) Kola Companys customers pay their bills with a two-month delay. What are the expected cash receipts from sales in the coming year if the current quarter are expected to be $270? 4) Now suppose that Kola Company's other quarterly expenses total $95. Calculate the expected quarterly net cash flow for the upcoming year. What would the current beginning cash balance need to be so that the cash balance at the end of the following year is zero? 5) Assume that the beginning cash balance of Kola Company is $368 and that the acceptable minimum balance is $25. Determine the amount of short-term financing required for the upcoming year, which is equal to the total amount of cash required for each quarter. Then, choose the least expensive financing option presented below. The loan is up to $160 million with a monthly interest rate of 0.8%. Along with the interest payment, 10% of the loan amount should be deposited into a checking account immediately. If the company issues commercial paper, it must pay $150 million at maturity. The papers have a total market value of $129.8 million. There are seventeen months until maturity. The commission rate is 0.5%. What will the balance be at the end of each quarter of the following year if debt capital is raised immediately and not repaid in the following year?