Question: please check your work and you will get a thimbs up and good review thank u so much please help me Gillstrap Promotions has projected
please check your work and you will get a thimbs up and good review thank u so much please help me
Gillstrap Promotions has projected the following values for the next three months:
| January | February | March | |
| Sales | $352,000 | $379,000 | $433,586 |
| Purchases on Trade Credit | $218,000 | $240,000 | $260,000 |
| Cash Expenses | $88,000 | $91,000 | $94,000 |
| Taxes, interest, and dividends | $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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