Recalculate Dynamic Mattress’s financing plan (Spreadsheet 19.3) assuming that the firm wishes to maintain a minimum cash balance of $35 million instead of $30 million. Assume the firm can convince the bank to extend its line of credit to $100 million. (Negative amounts should be indicated by a minus sign. Leave no cells blank – be certain to enter “0” wherever required. Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places.)
Quarter
First Second Third Fourth
A. Cash requirements
Cash required for operations $ $ 30.00 $ −34.00 $ −75.00
Interest on bank loan
Interest on stretched payables
Total cash required $ $ $ $
B. Cash raised in quarter
Bank loan
Stretched payables
Securities sold
Total cash raised $ $ $ $
C. Repayments
Of stretched payables
Of bank loan
D. Addition to cash balances
E. Bank Loan
Beginning of quarter
End of quarter $ $ $ $
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more