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show all the calculations properly Abrim's Products Ltd is trying to plan for its cash flows. On jan 1, 2022 it has $1800 in the
show all the calculations properly
Abrim's Products Ltd is trying to plan for its cash flows. On jan 1, 2022 it has $1800 in the bank. On average. 40% of sales are collected at the time of sale and 60% are collected the following month. On average, 20% of purchases each month are paid at the time of purchase and 80% are paid the following month. Sales for Dec. Jan, Feb and Mar are $2800,$3200,$2000 and $4200 respectively. Purchases for Dec, jan, Feb and Mar are $4800,$2500,$4150, and $2000 respectively. How much cash will be on hand at the end of jan, Feb and March? You must show all your work and provide appropriate explanations for your calculations. Grading Descriptio You hate 1 Step by Step Solution
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