PROBLEM SOLVING COMPUTATIONS: Please attach your solutions/submit in this form. No changing of answers, please make sure you have the same answers in the form and solution sheet, if it is not the same it will be INVALIDATED. NO PARTIAL POINTS FOR WRONG ANSWERS AND WRONG/INCOMPLETE SOLUTIONS. NO ATTACHMENTS/WRONG ATTACHMENTS, NO SCORE Round off your answers into the 2nd decimal place. Input numbers only, no commas, no peso sign or symbols, no spaces in between. DECIMALS ARE ALLOWED Last year, Hyacinths Inc. recorded credit sales of P3,500,000, with a days sales outstanding (DSO) of 35 days. Based on a 365-day year, what was its average receivables balance? Marvel Corporation is working on a cash budget. It has a monthly sales budget of P5,000 and is steady month to month. The company has no bad debts. The 40% of its customers pay in the first month and earn a 2% discount. The remaining 60% of the customers pay in the month after the transaction and do not receive a discount. Purchases for the next month's sales have stayed consistent at half or fifty percent of the projected sales. The other payments such as salary, rent, and taxes, account for twenty five percent of current- month sales. What is the average monthly net cash flow after creating a cash budget for a typical month? Lilac Corp. is drafting its financial budget, and sales of P30,000 are expected in January, P35,000 in February, and P35,000 in March. If 20% of sales are cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid two months after the sale, what are the expected cash receipts for March?