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The table contains the Sales estimates for the next year. The Purchases are 64% of Sales....

The table contains the Sales estimates for the next year. The Purchases are 64% of Sales. Purchases are paid in the following month. The administrative expenses of $10,196 are paid each month Tax expenses of $39,003 are paid in March, June, September, and December each year. Rent expenses of $79,725 are paid in June and December. What is the cash outflow for March?

Jan- 59,595 Feb- 60,120 Mar- 20,032 Apr-68,137 May- 59,595 Jun- 60,120 Jul- 68,137 Aug-20,032 Sep-59,595 Oct-20,032 Nov-60,120 Dec-68,137     

Solutions

Expert Solution

Cash outflow for March is $67,644

jeff jeffy answered 2 months ago
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