finance help needed

 Paymore Products places orders for goods equal to 80% of its sales forecast in the next quarter. The sales forecasts for the next five quarters are as follows:

 Quarter in Coming Year Following Year First Second Third Fourth First Quarter Sales forecast \$550 \$540 \$520 \$560 \$560

 The firm pays for its goods with a 1-month delay. Therefore, on average, three-fourths of purchases are paid for in the quarter that they are purchased, and one-fourth are paid in the following quarter.

 Paymoreâ€™s customers pay their bills with a 2-month delay. Therefore, on average, two-fourths of sales are collected in the quarter that they are sold, and two-fourths are collected in the following quarter. Assume that sales in the last quarter of the previous year were \$520.

 Paymoreâ€™s labor and administrative expenses are \$60 per quarter and that interest on long-term debt is \$58 per quarter.

 Suppose that Paymoreâ€™s cash balance at the start of the first quarter is \$35 and its minimum acceptable cash balance is \$60. Work out the short-term financing requirements for the firm in the coming year. The firm pays no dividends. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.)

 Quarter First Second Third Fourth Sources of cash Cash at start of period \$ [removed] \$ [removed] \$ [removed] \$ [removed] Net cash inflow [removed] [removed] [removed] [removed] Cash at end of period [removed] [removed] [removed] \$ [removed] Minimum operating cash balance [removed] [removed] [removed] [removed] Cumulative financing required \$ [removed] \$ [removed] \$ [removed] \$

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