Question: Question 3 [20] You are the project manager for Galaxy FIT Inc., a company that specialises in the design and production of new generation athletic
![Question 3 [20] You are the project manager for Galaxy FIT](https://dsd5zvtm8ll6.cloudfront.net/si.experts.images/questions/2024/10/6720208898ab1_728672020880d145.jpg)
Question 3 [20] You are the project manager for Galaxy FIT Inc., a company that specialises in the design and production of new generation athletic training equipment. Your current project involves the manufacturing and distribution of training equipment to a major sporting goods company in Limpopo. The following information is available: The client pays four separate monthly payments one month after the invoice: R100 000 for the first three months and R150 000 in Month 4. - You employ labour (biokineticist) at R60 000 per month, paid in the month of work. - You buy materials at R90 000 per month; the supplier gives one month's credit. - You rent a warehouse with an assembly line at R30 000 per month; payment is required one month in advance. Use the information provided and complete a project cash flow for income and payments during a four-month project from February to May (you must apply the timing of income and payments to the project cash flow)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
