How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Augusto Your Own Question
Augusto
Augusto, Banking professional
Category: Homework
Satisfied Customers: 79
Experience:  BA degree - Business Administration
3166109
Type Your Homework Question Here...
Augusto is online now
A new question is answered every 9 seconds

Feel Good Inc. expects to have sales of $30,000 in January,

This answer was rated:

Feel Good Inc. expects to have sales of $30,000 in January, $33,000 in February, and $38,000 in March. If 20% of all sales are for cash, 40% are on credit and are paid in the month following the sale, and 40% are on credit and are paid 2 months following the sale, what cash flow from sales is expected in March?

HelloCustomer

 

Let´s answer this quetion:

 

January Sales $30,000

1.Cash 20%: $6,000

2.Paid in february 40%: $12,000

3.Paid in march40%: $12,000

 

February Sales $33,000

1. Cash20%: $6,600

2. Paid in march 40%: $13,200

3. Pais in april 40%;$13,200

 

March Sales: $38,000

1. Cash 20%: $7,600

2. Paid in april 40%: $15,200

3. Paid in May 40%: $15,200

 

So, the total expected Cash Flow for March is:$(12,000+13,200+7,600) =$32,800

 

I hope this helps you.In that case, please accept the answer!

Augusto and 3 other Homework Specialists are ready to help you
Customer: replied 8 years ago.
This is a very good answer thank you very much
THIS ANSWER IS LOCKED!

You need to spend $3 to view this post. Add Funds to your account and buy credits.

Related Homework Questions