Faizaan's has a beginning cash balance of $536 on February 1st. The firm has projected sales of $660 in January, $810 in February, and $890 in March. The cost of goods sold is equal to 70 percent of sales. Goods are purchased one month prior to the month of sale. The accounts payable period is 30 days and the accounts receivable period is 15 days. The firm has monthly cash expenses of $225. What is the projected ending cash balance at the end of February? Assume 30-day months.

Foizaan's has a beginning cosh bolance of $536 on February 1st. The firm hos projected sales of $660 in Januocy $810 in February and sago in Morch. The cost of goods sold is equal to 70 percent of sales. Goods ore purchased one month prior to the month of sole. The accounts payable period is 30 days and the accounts receivable period is 15 days. The firm has monthly cash expenses of $225. What is the projectied ending cosh balance at the end of February? Assume 30-iay months