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Table 4.3 The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming months of January through May. Historically, 75 percent
Table 4.3 The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming months of January through May. Historically, 75 percent of sales are for cash with the remaining 25 percent collected in the following month. The ending cash balance in January is $3,000. The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming months of January through May. Historically, 75 percent of sales Month Sportif, Inc. Disbursements Sales $6,000 are for cash with the remaining 25 percent collected in the following month. The ending cash balance in January is $3,000 January February March $ 5,000 6,000 $7.000 10.000 $4,000 10,000 April May $5,000 $5,000 10,000 If a pro forma balance sheet dated at the end of May was prepared from the information presented the marketable securities would total (See Table 4.3) O A. $9,500 O B. $12,000 OC. $16,750 OD. $9,000
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