1. Splitterfield Foods forecasts the following sales and expenses: June July August Sales ($ millions) 120 150 160 Purchases of raw materials ($ millions) 70 80 85 Other expenses ($ millions) 30 38 40 Seventy percent of sales are paid for in the same month and the remainder with a delay of one month. All raw materials are paid for with a delay of one month, other expenses are paid with no delay. What is the expected cash flow from operations in July? 
2. 
   
3. Multiple Choice 
4. 
   
5. $29.5 million. 
6. 
   
7. $32 million. 
8. 
   
9. $33 million. 
10. 
    
11. $20 million.

Answer rating: 100% (QA)

Correct answer 33 million Explanation Cash inflow July Sales sales in Jul... View the full answer