2 All sales divided in equal part between cash and credit sales. 45% of credit sales are collected in the month of sales 45% are collected in the following month and remaining is uncollectible. Management believes that only 20% of the a/c receivable outstanding on December 2014 will be recovered that the recovery will be in January 2015 65% of Purchase are paid for in the month of purchase the remaining 35% are paid for in the month after acquisition The December 31 2014 balance sheet disclosed the following selected figures cash 20,000 a/c receivable 55,000 and a/c payable 22.000 Company Maintains a 20.000 minimum cash balance at all time. Financing is available in 1.000 multiples at an 8% interest rate interest is paid ate the time of repaying principle. 3. 4 Additinal data: Sales Purchases Cash operating cost Proceeds from the sales of equipment Jan 150.000 90,000 31,000 Feb 180.000 100,000 24,000 March 185,000 140,000 45,000 5.000 Note: No need to enter comma between number Required: 1. Total amount of cash will be received at end March 31 Jan + Feb + March) 2. Total amount of total cash disburstment at end of March 31 (jan + feb + march) 3. Total amount of loan (jan + feb - March ) 4. Cash balacne at end of March 31 Activate Windows Go to Settings to activate Window