Agarwal, Incorporated, has a 50-day average collection period and wants to maintain a minimum cash balance of $35 million, which is what the company currently has on hand. The company currently has a receivables balance of $189 million and has developed the following sales and cash disbursement budgets (in millions): Sales Total cash disbursement Q1 $ 378 Q2 $ 450 Q3 $ 531 Q4 $ 495 268 390 617 412 Complete the following cash budget for the company. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions rounded to the nearest whole million dollar amount, e.g., 32. AGARWAL, INCORPORATED Cash Budget (in millions) Q1 Beginning receivables Sales $ 189 378 Cash collections Ending receivables Q2 450 Q3 531 Q4 495 Total cash collections Total cash disbursements 268 390 617 412 Net cash inflow Beginning cash balance Net cash inflow Ending cash balance Minimum cash balance Cumulative surplus (deficit)

Agarwal, Incorporated, has a 50-day average collection period and wants to maintain a minimum cash balance of $35 million, which is what the company currently has on hand. The company currently has a receivables balance of $192 million and has developed the following sales and cash disbursement budgets (in millions): Sales Q1 $ 405 Q2 $ 477 Q3 $ 558 Total cash disbursement 279 415 652 Q4 $ 522 434 ed Complete the following cash budget for the company. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions rounded to the nearest whole million dollar amount, e.g., 32. AGARWAL, INCORPORATED Cash Budget (in millions) Q1 Q2 Q3 Q4 Beginning receivables 192 225 $ 265 $ 310 Sales Cash collections 405 477 558 522 372 437 513 542 Ending receivables EA $ 225 265 $ 310 $ 290 Total cash collections $ 372 437 $ 513 $ 542 Total cash disbursements 279 415 652 434 Net cash inflow $ 93 $ 22 $ 139 × $ 108 Beginning cash…

Agarwal, Incorporated, has a 40-day average collection period and wants to maintain a minimum cash balance of $25 million, which is what the company currently has on hand. The company currently has a receivables balance of $188 million and has developed the following sales and cash disbursement budgets (in millions): Sales Total cash disbursement Q1 Q2 $ 369 $ 441 295 Q3 $ 522 389 617 Q4 $ 486 402 Complete the following cash budget for the company. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions rounded to the nearest whole million dollar amount, e.g., 32. AGARWAL, INCORPORATED Q1 Beginning receivables Sales Cash collections Ending receivables Cash Budget (in millions) 369 Q2 441 Q3 522 Q4 486 Total cash collections Total cash disbursements 295 389 617 402 Net cash inflow Beginning cash balance Net cash inflow Ending cash balance Minimum cash balance Cumulative surplus (deficit)

2 Agarwal, Incorporated, has a 32-day average collection period and wants to maintain a minimum cash balance of $20 million, which is what the company currently has on hand. The company currently has a receivables balance of $245 million and has developed the following sales and cash disbursement budgets (in millions): Sales Total cash disbursement Beginning receivables Sales Cash collections Ending receivables Total cash collections Total cash disbursements Net cash inflow Beginning cash balance Net cash inflow 01 $ 400 332 Complete the following cash budget for the company. Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Ending cash balance Minimum cash balance Cumulative surplus (deficit) 02 $502 443 Q1 03 $ 608 779 AGARWAL, INCORPORATED Cash Budget (in millions) 400 04 $ 568 471 332 Q2 502 443 Q3 608 779 Q4 568 471