Question 1 2 pts Carlisle Transport had $4,543 cash at the beginning of the period. During the period, the firm collected $1,770 in receivables, paid $1,896 to supplier, had credit sales of $6,625, and incurred cash expenses of $2,253. What was the cash balance at the end of the period? Question 2 3 pts Gillstrap Promotions has projected the following values for the next three months: February $379,000 March $424,652 $240,000 $260,000 January Sales $352,000 Purchases on Trade $218,000 Credit Cash Expenses $88,000 Taxes, interest, and $18.000 dividends Capital $50,000 Expenditures $91,000 $94,000 $20,000 $41,000 0 $25,000 All sales are credit sales with 40% collected in the month of sale, 50% collected the following month, and the remainder collected in the second month after the sale. Credit purchases are paid in 30 days and all other items require immediate payment. Compute the net cash inflow for March. Question 3 5 pts Mavericks Cosmetics buys $3,589,761 of product (net of discounts) on terms of 8/10, net 60, and it currently pays on the 10th day and takes discounts. Mavericks plans to expand, and this will require additional financing. If Mavericks decides to forego discounts, what would the effective percentage cost of its trade credit be, based on a 365-day year? Answer in % terms to 2 decimal places