Wildcat plans a major capital outlay in the second quarter of $68 million. Finally, the company started the year with a cash balance of $71 million and wishes to maintain a $30 million minimum balance. a. Complete the following cash budget for Wildcat, Incorporated. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions, not dollars, rounded to 2 decimal places, e.g., 32.16.) WILDCAT, INCORPORATED Cash Budget (in millions) Q1 Q2 Q3 Q4 Beginning cash balance $ 71.00 Net cash inflow Ending cash balance Minimum cash balance -30.00 -30.00 -30.00 -30.00 Cumulative surplus (deficit)
Wildcat plans a major capital outlay in the second quarter of $68 million. Finally, the company started the year with a cash balance of $71 million and wishes to maintain a $30 million minimum balance. a. Complete the following cash budget for Wildcat, Incorporated. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions, not dollars, rounded to 2 decimal places, e.g., 32.16.) WILDCAT, INCORPORATED Cash Budget (in millions) Q1 Q2 Q3 Q4 Beginning cash balance $ 71.00 Net cash inflow Ending cash balance Minimum cash balance -30.00 -30.00 -30.00 -30.00 Cumulative surplus (deficit)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Wildcat plans a major capital outlay in the second quarter of $68 million. Finally, the company started the year with a cash balance of $71 million and wishes to maintain a $30 million minimum balance. a. Complete the following cash budget for Wildcat, Incorporated. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions, not dollars, rounded to 2 decimal places, e.g., 32.16.) \table[[WILDCAT, INCORPORATED],[Cash Budget],[(in millions)],[,,21dots,Q2,Q3,Q4],[Beginning cash balance,,71.00,,,-],[{ \table[[Beginning cash balance],[Net cash inflow ]]}],[],[Minimum cash balance,,-30.00,-30.00,-30.00,-30.00],[Cumulative surplus (deficit),,,,,]]
Transcribed Image Text:Wildcat plans a major capital outlay in the second quarter of $68 million. Finally, the
company started the year with a cash balance of $71 million and wishes to maintain a
$30 million minimum balance.
a. Complete the following cash budget for Wildcat, Incorporated. (A negative
answer should be indicated by a minus sign. Do not round intermediate
calculations and enter your answers in millions, not dollars, rounded to 2 decimal
places, e.g., 32.16.)
WILDCAT, INCORPORATED
Cash Budget
(in millions)
Q1
Q2
Q3
Q4
Beginning cash balance
$
71.00
Net cash inflow
Ending cash balance
Minimum cash balance
-30.00
-30.00
-30.00
-30.00
Cumulative surplus (deficit)
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