Please do not give image format Wildcat, Incorporated, has estimated sales (in millions) for the next four quarters asfollows:Q1 Q2 Q3 Q4Sales $170 $185 $200 $225Sales for the first quarter of the following year are projected at $180 million. Accountsreceivable at the beginning of the year were $71 million. Wildcat has a 45-day collectionperiod.Wildcat's purchases from suppliers in a quarter are equal to 45 percent of the nextquarter's forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, andother expenses run about 25 percent of sales. Interest and dividends are $14 million perquarter.Wildcat plans a major capital outlay in the second quarter of $85 million. Finally, thecompany started the year with a $54 million cash balance and wishes to maintain a $30million minimum balance.a. Complete the following cash budget for Wildcat, Incorporated. (A negativeanswer should be indicated by a minus sign. Do not round intermediatecalculations and enter your answers in millions, not dollars, rounded to 2 decimalplaces, e.g., 32.16.)Beginning cash balanceNet cash inflowEnding cash balanceMinimum cash balanceCumulative surplus (deficit)$WILDCAT, INCORPORATEDCash Budget(in millions)Q154.00Q2Q3Q4 Assume that Wildcat can borrow any needed funds on a short-term basis at a rate of 3percent per quarter and can invest any excess funds in short-term marketable securitiesat a rate of 2 percent per quarter.b-1. Complete the following short-term financial plan for Wildcat, Incorporated. (Anegative answer should be indicated by a minus sign. Leave no cells blank - becertain to enter "0" wherever required. Do not round intermediate calculationsand enter your answers in millions, not dollars, rounded to 2 decimal places, e.g.,32.16.)Target cash balanceNet cash inflowNew short-term investmentsIncome from short-term investmentsShort-term investments soldNew short-term borrowingInterest on short-term borrowingShort-term borrowing repaidEnding cash balanceMinimum cash balanceCumulative surplus (deficit)Beginning short-term investmentsEnding short-term investmentsBeginning short-term debtEnding short-term debtWILDCAT, INCORPORATEDShort-Term Financial PlanNet cash cost$(in millions)Q10 $Q20 $Q30$b-2.What is the net cash cost (total interest paid minus total investment income earned)for the year? (A negative answer should be indicated by a minus sign. Do notround intermediate calculations and enter your answer in millions, not dollars,rounded to 2 decimal places, e.g., 32.16.)Q4

Question

Please do not give image format Wildcat, Incorporated, has estimated sales (in millions) for the next four quarters asfollows:Q1 Q2 Q3 Q4Sales $170 $185 $200 $225Sales for the first quarter of the following year are projected at $180 million. Accountsreceivable at the beginning of the year were $71 million. Wildcat has a 45-day collectionperiod.Wildcat's purchases from suppliers in a quarter are equal to 45 percent of the nextquarter's forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, andother expenses run about 25 percent of sales. Interest and dividends are $14 million perquarter.Wildcat plans a major capital outlay in the second quarter of $85 million. Finally, thecompany started the year with a $54 million cash balance and wishes to maintain a $30million minimum balance.a. Complete the following cash budget for Wildcat, Incorporated. (A negativeanswer should be indicated by a minus sign. Do not round intermediatecalculations and enter your answers in millions, not dollars, rounded to 2 decimalplaces, e.g., 32.16.)Beginning cash balanceNet cash inflowEnding cash balanceMinimum cash balanceCumulative surplus (deficit)$WILDCAT, INCORPORATEDCash Budget(in millions)Q154.00Q2Q3Q4 Assume that Wildcat can borrow any needed funds on a short-term basis at a rate of 3percent per quarter and can invest any excess funds in short-term marketable securitiesat a rate of 2 percent per quarter.b-1. Complete the following short-term financial plan for Wildcat, Incorporated. (Anegative answer should be indicated by a minus sign. Leave no cells blank - becertain to enter &#34;0&#34; wherever required. Do not round intermediate calculationsand enter your answers in millions, not dollars, rounded to 2 decimal places, e.g.,32.16.)Target cash balanceNet cash inflowNew short-term investmentsIncome from short-term investmentsShort-term investments soldNew short-term borrowingInterest on short-term borrowingShort-term borrowing repaidEnding cash balanceMinimum cash balanceCumulative surplus (deficit)Beginning short-term investmentsEnding short-term investmentsBeginning short-term debtEnding short-term debtWILDCAT, INCORPORATEDShort-Term Financial PlanNet cash cost$(in millions)Q10 $Q20 $Q30$b-2.What is the net cash cost (total interest paid minus total investment income earned)for the year? (A negative answer should be indicated by a minus sign. Do notround intermediate calculations and enter your answer in millions, not dollars,rounded to 2 decimal places, e.g., 32.16.)Q4

Accepted Answer

SOLUTION :-COLLECTION DURING THE PERIODS(Figures in $ million)Q1Q2Q3Q4First Qurter Next…