15.

Month	Sales $	Month	Sales $
Jan	34,925	July	19,774
Feb	16,394	Aug	36,030
Mar	36,030	Sep	34,925
Apr	19,774	Oct	36,030
May	34,925	Nov	16,394
June	16,394	Dec	19,774

The company has estimated expenses as follows: General and administrative expenses: $5,145 Material purchases are 67 percent of sales. Material purchases are paid in the month following the purchase. Interest payment per month: $3,766 Rent expenses per quarter starting March: $2,624

Calculate the cash outflows for June.

Enter your answer rounded off to two decimal points.

16.ABC Corporation currently has an inventory turnover of 8.24, a payables turnover of 12.86, and a receivables turnover of 13.52. How many days are in the cash cycle?

Enter your answer rounded off to two decimal points.

17.Which of the following is a Source of Cash? Choose only one.

18.ABC Company has annual sales of $400,000 and cost of goods sold of $197,844. The accounts payable period is 30.28 days. What is the average accounts payable balance?

19.ABC Corporation currently has an inventory turnover of 43.84, a payables turnover of 8.08, and a receivables turnover of 8.22. How many days are in the operating cycle?

20.

Month	Sales $	Month	Sales $
Jan	28,660	July	38,860
Feb	49,353	Aug	49,324
Mar	49,324	Sep	28,660
Apr	38,860	Oct	49,324
May	28,660	Nov	49,353
June	49,353	Dec	38,860

Sales are collected as follows:

In the month of Sales: 39% In the next month: 33% After 2 months: 10% Remainder is considered as bad debt and is not collected.

Calculate the cash collection for June.

Enter your answer rounded off to two decimal points.