1. Alternatively, how much will be the minimum borrowing for the second quarter necessary to satisfy the $50,000 minimum cash required balance?
2. Alternatively, how much will be the Maximum loan pay-off amount for the third quarter necessary to satisfy the $50,000 minimum cash required balance?
3. Alternatively, how much will be the minimum borrowing for the fourth quarter necessary to satisfy the $50,000 minimum cash required balance?
4. Based on the Excel Cash Budget you prepared with all green cells on, what is the loan balance at the end of fourth quarter?

Carefully study the following cash budget and determine the amount to be borrowed or repaid during each quarter, so that the company never ends a quarter with less than 550,000 cash on hand, and always repays as much debt as possible. There is no debt as of the beginning of the first quarter, and interest costs are assumed not significant in this analysis. Use the pick lists associated with the boxed areas near the bottom of the spreadsheet to Carefully study the following cash budget and determine the amount to be borrowed or repaid during each quarter, so that the company never ends a quarter with less than 550,000 cash on hand, and always repays as much debt as possible. There is no debt as of the beginning of the first quarter, and interest costs are assumed not significant in this analysis. Use the pick lists associated with the boxed areas near the bottom of the spreadsheet to