Question: Agarwal, Incorporated, has a 5 0 - day average collection period and wants to maintain a minimum cash balance of $ 4 0 million, which

Agarwal, Incorporated, has a 50-day average collection period and wants to maintain a minimum cash balance of $40 million, which is what the company currently has on hand. The company currently has a receivables balance of $198 million and has developed the following sales and cash disbursement budgets (in millions):
Q1 Q2 Q3 Q4
Sales $ 459 $ 531 $ 612 $ 576
Total cash disbursement 302466720477 Agarwal, Incorporated, has a 50-day average collection period and wants to maintain a minimum cash balance of $40 million, which is
what the company currently has on hand. The company currently has a receivables balance of $198 million and has developed the
following sales and cash disbursement budgets (in millions):
Complete the following cash budget for the company.
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in
millions rounded to the nearest whole million dollar amount, e.g.,32.
Answer is complete but not entirely correct.
 Agarwal, Incorporated, has a 50-day average collection period and wants to

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