This is a subjective question, hence you have to write your answer in the Text-Field given below. = The XYZ company specializes in homemade chocolates and receives all income from sales. The sales revenue estimates (in million $) for the company are as follows: Q1 = 500, Q2 = 550, Q3 = 600, Q4 = 650. Q1 of next year = 650. The average collection period for accounts receivables is 30 days. Beginning receivables (Q1 beginning) is $250 million. The purchases are 50% of next quarter sales. Beginning payables (Q1 beginning) is $150 million. The accounts payable period is 30 days. Wages and other expenses every quarter are 30% of the sales revenue of that quarter. There are no other expenses. The beginning cash balance (QI beginning) is $30 million. How much will be the cash balance at the end of Quarter 3? [10]