Question
Gillstrap Promotions has projected the following values for the next three months: February $379,000 Sales Purchases on Trade Credit January $352,000 $218,000 Cash Expenses
Gillstrap Promotions has projected the following values for the next three months: February $379,000 Sales Purchases on Trade Credit January $352,000 $218,000 Cash Expenses Taxes, interest, and $18,000 dividends Capital Expenditures $50,000 $88,000 $240,000 $91,000 $20,000 March $448,196 0 $260,000 $94,000 $41,000 $25,000 All sales are credit sales with 40% collected in the month of sale, 50% collected the following month, and the remainder collected in the second month after the sale. Credit purchases are paid in 30 days and all other items require immediate payment. Compute the net cash inflow for March.
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
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