The XYZ company specializes in homemade biscuits and receives all income from sales. The sales revenue estimates (in million S) for the company are as follows: Q1 - 400, Q2 - 450, Q3 - 500, Q4 PO. Ql of next year - 600. The average collection period for accounts receivables is 60 days. Beginning receivables (QI beginning) is $250 million. The purchases are 70% of next quarter sales. Beginning payables (Q1 beginning) is S120 million. The accounts payable period is 60 days, Wages and other expenses every quarter are 25% of the sales revenue of that quarter. A CAPEX of S40 million is planned end of Quarter 3. Dividends and interest payments are S15 million every quarter. There are no other expenses. The beginning cash balance (Q1 beginning) is S40 million. How much will be the cash balance at the end of Quarter 3? [5] The XYZ company specializes in homemade biscuits and receives all income from sales. The sales revenue estimates (in million S) for the company are as follows: Q1 - 400, Q2 - 450, Q3 - 500, Q4 PO. Ql of next year - 600. The average collection period for accounts receivables is 60 days. Beginning receivables (QI beginning) is $250 million. The purchases are 70% of next quarter sales. Beginning payables (Q1 beginning) is S120 million. The accounts payable period is 60 days, Wages and other expenses every quarter are 25% of the sales revenue of that quarter. A CAPEX of S40 million is planned end of Quarter 3. Dividends and interest payments are S15 million every quarter. There are no other expenses. The beginning cash balance (Q1 beginning) is S40 million. How much will be the cash balance at the end of Quarter 3? [5]