1. Monthly sales forecast are as follows: August $500; September and October $400 and November and December $200 each. You forecast that you will receive cash for 50% of a month s sales and the remainder will be received the following month. Calculate the cash received for each month from September to December: 2. The statement of Cash Flows identifies sources and uses of cash. Describe whether each of these is a source or use of cash: Inventories go up: Trade payables go down Accounts receivable go up