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SpyIntel [72]
3 years ago
8

Magaldi is constructing its cash budget. Its budgeted monthly sales are $20,000, and they are constant from month to month. 60%

of its customers pay in the first month and take the 1.5% discount, while the remaining 40% pay in the month following the sale and do not receive a discount. The firm has no bad debts. Purchases for next month's sales are constant at 40% of projected sales for the next month. These purchases are paid immediately. "Other payments," which include wages, rent, and taxes, are 30% of sales for the current month. What is the average net cash flow during the month?
Mathematics
1 answer:
iogann1982 [59]3 years ago
5 0

Answer:

$5,820

Step-by-step explanation:

The average net cash flow during the month is total cash receipt minus total payments.

Cash receipt on the month's sales=60%*$20,000*98.5%=$11820

60% cash received ,the 98.5% is after cash discount of 1.5%

cash receipt from previous month sale=40%*$20,000=$8,000

Payment for purchases=$20,000*40%=$8,000

payment for wages,rent and taxes=$20,000*30%=$6000

Total cash inflow=$11,820+$8,000=$19820

total cash outflow=$8,000+$6,000=$14,000

average net cash flow=$19,820-$14,000=$5,820

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Answer:

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The amount of fencing Scott will need to buy can be gotten by calculating the area of the circular rock garden .

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