USE EXCEL AND THE following FORMAT FOR reference

Sales
Less: bad debts
Net realizable sales
Purchases
Accounts receivable
Beginning balance
Sales
Bad debt allowance
Collections prior mo.
Collections current mo.
Total collections
Ending balance
Accounts payable
Beginning balance
Purchases
Payments prior mo.
Payments current mo.
Total payments
Ending balance
Cash
Beginning balance
Collections
Payments
Op. exp. & taxes
Interest
Capital investment
Total disbursements
Ending balance
Accounts receivable proof & control:
Ending bal. + bad debt allow. + current mo. collect.
Current month sales X 60%

ately and repay it in one year? % 15. Calculating the Cash Budget [LO3] Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows: Q1 Q2 Q3 Q4 Sales $160 $175 $190 $215 Chapter 18 Short-Term Finance and Planning Sales for the first quarter of the year after this one are projected at $170 million. Accounts receivable at the beginning of the year were $68 million. Wildcat has a 45-day collection period. Wildcats purchases from suppliers in a quarter are equal to 45 percent of the next quarter's forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 25 percent of sales. Interest and dividends are $12 million per quarter. Wildcat plans a major capital outlay in the second quarter of $75 million. Finally, the company started the year with a $49 million cash balance and wishes to main- tain a $30 million minimum balance. a. Complete a cash budget for Wildcat by filling in the following: b. Assume that Wildcat can borrow any needed funds on a short-term basis at a rate of 3 percent per quarter and can invest any excess funds in short-term market- able securities at a rate of 2 percent per quarter. Prepare a short-term financial plan by filling in the following schedule. What is the net cash cost (total interest paid minus total investment income earned) for the year? ately and repay it in one year? % 15. Calculating the Cash Budget [LO3] Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows: Q1 Q2 Q3 Q4 Sales $160 $175 $190 $215 Chapter 18 Short-Term Finance and Planning Sales for the first quarter of the year after this one are projected at $170 million. Accounts receivable at the beginning of the year were $68 million. Wildcat has a 45-day collection period. Wildcats purchases from suppliers in a quarter are equal to 45 percent of the next quarter's forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 25 percent of sales. Interest and dividends are $12 million per quarter. Wildcat plans a major capital outlay in the second quarter of $75 million. Finally, the company started the year with a $49 million cash balance and wishes to main- tain a $30 million minimum balance. a. Complete a cash budget for Wildcat by filling in the following: b. Assume that Wildcat can borrow any needed funds on a short-term basis at a rate of 3 percent per quarter and can invest any excess funds in short-term market- able securities at a rate of 2 percent per quarter. Prepare a short-term financial plan by filling in the following schedule. What is the net cash cost (total interest paid minus total investment income earned) for the year