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)
Chapter12: The Cost Of Capital
Section: Chapter Questions
Problem 13P
Related questions
Question
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),,,,,]]
![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)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa160103b-6484-40d1-b4fb-5cfa9a41e2a1%2F5227e46b-c795-40c6-9355-177094dc5268%2Fbw1rvxt_processed.jpeg&w=3840&q=75)
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)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College