Sales for the first quarter of the following year are projected at $$180$ million. Accounts

recelvable at the beginning of the year were $$71$ million. Wildcat has a $45-$day collection

period.

Wildcat's purchases from suppliers in a quarter are equal to $45$ percent of the next

quarter's forecast sales, and suppliers are normally paid in $36$ days. Wages, taxes, and

other expenses run about $25$ percent of sales. Interest and dividends are $$14$ million per

quarter.

Wildcat plans a major capital outlay in the second quarter of $$85$ million. Finally, the

company started the year with a $$54$ million cash balance and wishes to maintain a $$30$

million minimum balance.

a$.$ Complete the following cash budget for Wildcat, Inc. $($A negative answer should be

indicated by a minus sign. Do not round intermediate calculations and enter your

answers in millions, not dollars, rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Assume that Wildcat can borrow any needed funds on a short$-$term basis at a rate of $3$

percent per quarter and can invest any excess funds in short$-$term marketable securities

at a rate of $2$ percent per quarter.

b$-1.$ Complete the following short$-$term financial plan for Wildcat, Inc. $($A negative answer

should be indicated by a minus sign. Leave no cells blank $-$ be certain to enter $"0"$

wherever required. Do not round intermediate calculations and enter your

answers in millions, not dollars, rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$.$

What is the net cash cost for the year? $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in millions, not dollars, rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$