You are the project manager of StarGate Inc., a company that specializes in the design and production of durable cell phone covers. Your current project involves the manufacturing and distribution of these covers for a major cell phone manufacturing company in the Western Cape. The following information is available: 

• The client pays four separate monthly payments of R150 000 one month after invoice.

• You employ labour at R90 000 per month paid in the month of work.

• You buy materials at R30 000 per month; the supplier gives one month’s credit

You hire equipment at R40 500 per month; payment is required one month in advance.

Use the information provided and complete the cash flow for income and payments during a four-month period from February to May (you need to apply the timing of income and payments to the project cash flow).

Answer rating: 100% (QA)

Step 13 It has been mentioned that the Client pays the monthly ... View the full answer