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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. Month Sportif, Inc. Disbursements Sales 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. January $ 5,000 February 6.000 March 10,000 April 10,000 Mav 10.000 $6,000 $7,000 $4.000 $5.000 $5.000 O A. -$1,000 OB. $5,750 O C. -$1.250 OD. $750 The net cash flow for February is (See Table 4.3)
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