Question: I don't understand please help Thank you Gillstrap Promotions has projected the following values for the next three months: January March Sales $352.000 February $379,000
I don't understand please help Thank you
Gillstrap Promotions has projected the following values for the next three months: January March Sales $352.000 February $379,000 $240,000 $218,000 Purchases on Trade Credit Cash Expenses Taxes, interest, and dividends $445,902 $260,000 $94,000 $88,000 $91,000 $18,000 $20.000 $41,000 Capital Expenditures $50,000 0 $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
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