The Soppy's Pool Company forecasts total cash receipts in 1998 at $9 million in the 1^st quarter, $11 million in the 2^nd quarter, $3 million in the 3^rd quarter, and $2 million in the 4^th quarter. Cash disbursements are forecasted at $4 million in quarter 1, $7 million in quarter 2, $7 million in quarter 3, and $2 million in quarter 4.
Soppy's establishes a minimum cash balance of $5 million to facilitate transactions. Calculate Soppy's cumulative finance surplus or deficit over each quarter in 1998.

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The Answer of The Soppy's Pool Company forecasts total cash receipts in 1998 at $9 million in the 1^st quarter, $11 million in the 2^nd quarter, $3 million in the 3^rd quarter, and $2 million in the 4^th quarter. Cash disbursements are forecasted at $4 million in quarter 1, $7 million in quarter 2, $7 million in quarter 3, and $2 million in quarter 4. Soppy's establishes a minimum cash balance of $5 million to facilitate transactions. Calculate Soppy's cumulative finance surplus or deficit over each quarter in 1998.

The Soppy's Pool Company Forecasts Total Cash Receipts in 1998