Cash Flow Budgeting - Company A is experiencing rapid growth due
to the popularity of its recent hardware release. Current sales of
$100,000, which increased from $80,000 the previous month, are
expected to grow at a 30% rate. Cost of sales are stable 70% of
sales revene, yielding a 30% gross profit. Company A sales are 15%
for cash with the remaining 85% collected the following month.
Inventory-on-hand is maintained at a level to support the following
month's sales. Inventory...