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2. Selco Inc. is constructing its cash budget. It expects to have constant sales of $15,000 per month. Assume that 35% of its customers pay
2. Selco Inc. is constructing its cash budget. It expects to have constant sales of $15,000 per month. Assume that 35% of its customers pay in the first month and take 3% discount, while the remaining 65% pay in the month following the sale and do not receive a discount. Also, it expects that its purchases are constant at 45% of its projected sales for the next month. These purchases are paid immediately. The firm has also other payments, which include wages, rent and leases. These payments are equal to 20% of sales for the current month. What is the average net cash flow during the month? * O O $4,657.5 ($4,657.5) O $5,970.2 O $5092.5
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