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Widcst's purchoces from suppliers in a quorter ore equsl to 4 5 percent of the next quarter's forecst ssies, snd suppliers are normslly paid in
Widcst's purchoces from suppliers in a quorter ore equsl to percent of the next
quarter's forecst ssies, snd suppliers are normslly paid in doys. Woges, taxes, and
other expenses run sbout percent of sales. Interest and divdends are $ million per
quarter.
Wildest plans a major cspitsl outloy in the second quarter of $ million. Finslly, the
compony started the year with $ millon cash bolance and wishes to maintain $$
miliran minimum bslance.
a Complete the following cash budget for Wildcat. A negative answer should be
Indicated by a minus sign. Do not round Intermediate calculations and enter your
answers in millions of dollars rounded to decimal places, e Leave no
cells blank be certain to enter wherever required.
Answer is complete and correct.
Assume that Wildcat con borrow sny needed funds on a shartterm bssk at a rote of
percent per quarter and can Invest ony excess funds in short term morketable securites:
at a rate of percent per quarter.
b Complete the following shortterm financial plan for Wildcat, Incorporsted. A
negative answer should be Indicated by a minus sign. Do not round Intermediate
calculations and enter your answers in millions of dollars rounded to decimal
places, eg Leave no cells blank be certain to enter wherever
required
b What is the net cash cost total interest paid minus totel linvestment income earned
for the year? A negative answer should be Indicated by a minus sign. Do not
round intermediate calculations and enter your answer in millions of dollars
rounded to decimal places, e
Answer is complete and correct.
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