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Question 2 3 pts Gillstrap Promotions has projected the following values for the next three months: February $379,000 March $440,793 $240,000 $260,000 January Sales $352,000
Question 2 3 pts Gillstrap Promotions has projected the following values for the next three months: February $379,000 March $440,793 $240,000 $260,000 January Sales $352,000 Purchases on $218,000 Trade Credit Cash Expenses $88,000 Taxes, interest $18,000 and dividends Capital $50,000 Expenditures $91,000 $94,000 $20,000 $41,000 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
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