Gillstrap Promotions has projected the following values for the next three months: February $379,000 Sales Purchases...

 

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Gillstrap Promotions has projected the following values for the next three months: February $379,000 Sales Purchases on Trade Credit January $352,000 $218,000 Cash Expenses Taxes, interest, and $18,000 dividends Capital Expenditures $50,000 $88,000 $240,000 $91,000 $20,000 March $448,196 0 $260,000 $94,000 $41,000 $25,000 All sales are credit sales with 40% collected in the month of sale, 50% collected the following month, and the remainder collected in the second month after the sale. Credit purchases are paid in 30 days and all other items require immediate payment. Compute the net cash inflow for March. Gillstrap Promotions has projected the following values for the next three months: February $379,000 Sales Purchases on Trade Credit January $352,000 $218,000 Cash Expenses Taxes, interest, and $18,000 dividends Capital Expenditures $50,000 $88,000 $240,000 $91,000 $20,000 March $448,196 0 $260,000 $94,000 $41,000 $25,000 All sales are credit sales with 40% collected in the month of sale, 50% collected the following month, and the remainder collected in the second month after the sale. Credit purchases are paid in 30 days and all other items require immediate payment. Compute the net cash inflow for March.

Answer rating: 100% (QA)

To compute the net cash inflow for March we need to determine the cash inflows and outflows for Marc... View the full answer