Widcst's purchoces from suppliers in a quorter ore equsl to $45$ percent of the next

quarter's forecst ssies, snd suppliers are normslly paid in $36$ doys. Woges, taxes, and

other expenses run sbout $25$ percent of sales. Interest and divdends are $$14$ million per

quarter.

Wildest plans a major cspitsl outloy in the second quarter of $$95$ million. Finslly, the

compony started the year with $s$$$54$ millon cash bolance and wishes to maintain $$$30$

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 $2$ decimal places, e$\mathrm{.}9.,3216.$ Leave no

cells blank $-$ be certain to enter $"0"$ wherever required.$)$

Answer is complete and correct.

Assume that Wildcat con borrow sny needed funds on a shart$-$term bssk at a rote of $3$

percent per quarter and can Invest ony excess funds in short term morketable securites:

at a rate of $2$ percent per quarter.

b$-1$ Complete the following short$-$term 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 $2$ decimal

places, e$.$g$.,3216.$ Leave no cells blank $-$ be certain to enter $"0"$ wherever

required$)$

b$-2$ 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 $2$ decimal places, e$\mathrm{.}9.,3216.]$

Answer is complete and correct.