1. Jan.P300,000	April P350,000
   Feb.P350,000	May P500,000
   Mar.P475,000	June P400,000

2. JT Logistix, Inc.'s projected sales for the first six months of 2010 are given below.20% of sales are collected in the month of the sale, 75% are collected in the month following the sale, and 5% are written off as uncollectible. Cost of goods sold is 80% of sales. Purchases are made the month prior to the sales and are paid during the month the purchases are made (i.e. goods sold in March are bought and paid for in February). Total other cash expenses are P35,000/month. The company's cash balance as of February 1, 2010 will be P30,000. Excess cash will be used to retire short-term borrowing (if any). JT Logistix has no short term borrowing as of February 28, 2010. Assume that the interest rate on short-term borrowing is 1% per month. The company must have a minimum cash balance of P20,000 at the beginning of each month. What is JT Logistix 's projected cash balance as of April 1, 2010?A. P14,238
3. 2. (P48,600)
   3. (P58,036)
   4. P21,400