Question
Preston Fencing Company Sales over the past three months: September October November $105,000 $65,000 $45,000 What is the company's cash balance (assuming no expenses) at
| Preston Fencing Company | |||||||
| Sales over the past three months: | |||||||
|
| September | October | November | ||||
| $105,000 | $65,000 | $45,000 | |||||
What is the company's cash balance (assuming no expenses) at the end of November based on the following:75% of all sales are CREDIT sales; cash receipts are 25 % of sales the collection period for credit sales is 60 days.
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The Principles Of Project Finance
Authors: Rod Morrison
1st Edition
1409439828, 9781409439820
