Answer Happy

The XYZ. company specializes in homemade biscuits and receives all income from ales. The sales revenue estimates (in million 5) for the company are follows: Q1 - 400, Q2 = 450,03 = 500, Q1 - 600 Q1 of next year - 600. The average collection period for accounts receivables in 60 days. Beginning receivables (Q1 beginning) is $250 million. The purchases are 70% of next quarter ule Beginning payable (Q1 beginning) is 5120 million. The accounts payable period in 60 days. Wages and other expenses every quarter are 25% of the sales revenue of that quarter. A CAPEX of S40 million is planned end of Quarter 3. Dividends and interest payments are 15 million every quarter. There are no other expenses. The beginning cash balance (Q1 beginning) is 540 million. How much will be the cash balance at the end of Quarter 3 151