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Mary has decided to set up a small wholesale business starting on the 1 December 2021. All sales and purchases will be on credit. Sales
Mary has decided to set up a small wholesale business starting on the 1 December 2021. All sales and purchases will be on credit. Sales in December 2021 February 2022 are expected to be 50.000 per month, and in March May 2022 60,000 per month. Payments will be received from customers as follows:
60% one month after the month of sale
40% two months after the month of sale
The cash inflow from sales in the month of May 2022 is expected to be:
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