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Sales for Furthur Bus Company are shown in the table below. wwwwww Sales November December January February March $9,500 $10,000 $11,000 $12,100 $13,310 All

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Sales for Furthur Bus Company are shown in the table below. wwwwww Sales November December January February March $9,500 $10,000 $11,000 $12,100 $13,310 All sales are for credit, with 80% collected the following month and 20% collected during the second month. Purchases of raw materials equals 60% of sales. Purchases are made in the month of the sale, but suppliers are paid in the month following the purchase. Wages are $1,000 per month, rent is $1,500, taxes are $500, and a $1,000 loan payment is due in February. Monthly interest expense is $200. What are the net cash flows in January, February, and March?

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1 January Cash Flows Sales in January 11000 80 of December sales collected in January 80 10000 8000 20 of November sales collected in January 20 9500 ... blur-text-image

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