Seasonal Products Corporation expects the following monthly sales: January $ 20,000 July $ 10,000 February 15,000 August
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Question:
Seasonal Products Corporation expects the following monthly sales:
January | $ | 20,000 | July | $ | 10,000 | ||
February | 15,000 | August | 14,000 | ||||
March | 5,000 | September | 20,000 | ||||
April | 3,000 | October | 25,000 | ||||
May | 1,000 | November | 30,000 | ||||
June | 3,000 | December | 22,000 | ||||
Total sales $168,000 | |||||||
Sales are 20 percent for cash in a given month, with the remainder going into accounts receivable. All 80 percent of the credit sales are collected in the month following the sale. Seasonal Products sells all of its goods for $2.00 each and produces them for $1.00 each. Seasonal Products uses level production, and average monthly production is equal to annual production divided by 12. please calculate net cash flow for march it zero but i dont know how to come up with the solotion
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