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Please label the answers in your solution. TY Question 1 2 pts Carlisle Transport had $4,331 cash at the beginning of the period. During the
Please label the answers in your solution. TY
Question 1 2 pts Carlisle Transport had $4,331 cash at the beginning of the period. During the period, the firm collected $1,772 in receivables, paid $1,980 to supplier, had credit sales of $5,052, and incurred cash expenses of $500. What was the cash balance at the end of the period? Question 2 3 pts Gillstrap Promotions has projected the following values for the next three months: January February March Sales $352,000 $379,000 $438,596 Purchases on Trade Credit $218,000 $240,000 $260,000 Cash Expenses $88,000 $91,000 $94.000 Taxes, interest, and dividends $18,000 $20,000 $41,000 Capital Expenditures $50,000 0 $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. Question 1 2 pts Carlisle Transport had $4,331 cash at the beginning of the period. During the period, the firm collected $1,772 in receivables, paid $1,980 to supplier, had credit sales of $5,052, and incurred cash expenses of $500. What was the cash balance at the end of the period? Question 2 3 pts Gillstrap Promotions has projected the following values for the next three months: January February March Sales $352,000 $379,000 $438,596 Purchases on Trade Credit $218,000 $240,000 $260,000 Cash Expenses $88,000 $91,000 $94.000 Taxes, interest, and dividends $18,000 $20,000 $41,000 Capital Expenditures $50,000 0 $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 MarchStep by Step Solution
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