In: Accounting
On Jan 1, 2020 the Cash Balance is expected to be $47,000.00 and they want a minimum ending balance in cash in any quarter to be $25,000.
2020 Sales are expected as follows:
1st Q $275,000
2nd Q $330,000
3rd Q $280,000
4th Q $240,000As
75% of Sales are expected to be collected in the quarter they are made and the remaining 25% in the following Quarter. The 4th Q 2019 Sales were $165,000.
REQUIRED: