Question: 4 Problem 19-10 Forecasting Net Cash Flow (LO2) 20 points Paymore Products places orders for goods equal to 75% of its sales forecast in the

 4 Problem 19-10 Forecasting Net Cash Flow (LO2) 20 points PaymoreProducts places orders for goods equal to 75% of its sales forecast

4 Problem 19-10 Forecasting Net Cash Flow (LO2) 20 points Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter which has been provided in the below table. Following Year First Quarter $400 Quarter in Coming Year First $388 Fourth $400 SecondThird Sales forecast $376 $352 On average, one-third of sales are collected in the quarter that they are sold, and two-thirds are collected in the following quarter. Assume that sales in the last quarter of the previous year were $352. Also, one third of the orders are paid for in the current month and then two thirds of the next quarter's orders are paid in advance. Assuming that Paymore's labor and administrative expenses are $81 per quarter and that interest on long-term debt is $56 per quarter, work out the net cash inflow for Paymore for the coming year using the below table

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