What fraction of the provious quarter's purchases ends up as the beginning accounts payable balance in each quarter? Part 6 Attempt 1/5 for 10 pts. Add some rows to the spreadsheet showing sales (Q1 to Q1), purchases (Q4 to Q4), beginning payable balances and current purchases paid for Q1 to Q4. What is your expected payment for current purchases in (future) Q4 (in \$ million)? Part 7 Attempt 1/5 for 10pts. Add some more rows to the disbursement worksheet showing wages \& other expenses, interest payments and net capital spending and total cash disbursements for Q1 to Q4. What is your expected total cash disbursement in (future) Q4 (in \$ million)? Add another worksheet to your spreadsheet and label it "Cash budget". Add rows for beginning cash balance, cash collections, cash disbursements and ending cash balance for Q1 to Q4. What is your expected cash balance at the end of Q4 (in $ million)? It is the beginning of January. Actual sales for the previous quarter (Q4) and estimated sales for the next five quarters are as follows (in $ million): Your average collection period (receivables period) is 10 days and your average account payable period is 50 days. You expect to always spend 40% of the following quarter's sales on purchases of components from suppliers. Wages and other expenses add up to 35% of ach quarter's sales. You have to pay $4 million in interest each quarter, and plan to spend $20 million on new machinery in Q2. You start the year with $3 million in cash. Assume that each quarter has 90 days, sales occur evenly throughout the quarter and all other cash flows occur at the end of the quarter