Question No. 06 5 This is a subjective question, hence you have to write your answer in the Text-Field given below. The

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Question No 06 5 This Is A Subjective Question Hence You Have To Write Your Answer In The Text Field Given Below The 1 (233.11 KiB) Viewed 91 times

Question No. 06 5 This is a subjective question, hence you have to write your answer in the Text-Field given below. The XYZ company specializes in homemade biscuits and receives all income from sales. The sales revenue estimates (in million $) for the company are as follows: Q1 = 500, Q2 = 550, Q3 = 600. Q4 = 650. Q1 of next year = 650. The average collection period for accounts receivables is 60 days. Beginning receivables (Q1 beginning) is $200 million. The purchases are 50% of next quarter sales. Beginning payables (Q1 beginning) is $150 million. The accounts payable period is 30 days. Wages and other expenses every quarter are 20% of the sales revenue of that quarter. A CAPEX of $50 million is planned end of Quarter 3. Dividends and interest payments are $10 million every quarter. There are no other expenses. The beginning cash balance (Q1 beginning) is $30 million How much will be the cash balance at the end of Quarter 2? [5] 20000 Vax Upto 20000 Characters) Format Table inserte Choco KINSEKKAR 1415 14/11/2021 25°C do ENG o earch