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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 January 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. February $ 5,000 6.000 10.000 March $6,000 $7,000 $4,000 $5,000 $5.000 April Mav 10,000 10.000 O A. $1,750 OB. $0 O C. $1,250 OD. $750 The firm has a total financing requirement of for the period from February through May (See Table 4.3)
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