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Manweg's Grocery Store collects 100 percent of all sales in the month of the sale. Most of the expenses it incurs, however, are paid for

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Manweg's Grocery Store collects 100 percent of all sales in the month of the sale. Most of the expenses it incurs, however, are paid for on a delayed basis. Manweg's pays 50 percent of its bills in the month in which they are received, 45 percent in the second month, and 5 percent in the third month, and its expenses are 95 percent of sales. Manweg's is projecting cash flow for the first 6 months of the year. It is now December 31 and the following past sales and sales projections have been given to your Dec Jan Feb Mar Apr May $550,000 $650,000 $400,000 $400,000 $400,000 $400,000 $575.000 $600,000 Compute the expected cash flows from both sales and expense and net them for each of the first 6 months of the year. Jun

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