Problem $19-11$ Short$-$Term Financing Requirements $($LO$3)$

Paymore Products places orders for goods equal to $75\%$ of its sales forecast in the next quarter which has been provided in the table

below.

Paymore's labor and administrative expenses are $$70$ per quarter and interest on long$-$term debt is $$45$ per quarter. Suppose that

Paymore's cash balance at the start of the first quarter is $$40$ and its minimum acceptable cash balance is $$30.$ On average, one$-$third

of sales are collected in the quarter that they are sold, and two$-$thirds are collected in the following quarter. Assume that sales in the

last quarter of the previous year were $$341.$ Also, one third of the orders are paid for in the current month and then two thirds of the

next quarter's orders are paid in advance. Work out the short$-$term financing requirements for the firm in the coming year using the

above table. The firm pays no dividends.

Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Negative amounts should

be indicated by a minus sign.