The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming...
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Finance
The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming months of January through May. Historically, 75 percent of sales are for cash with the remaining 25 percent collected in the following month. The ending cash balance in January is $3,000 and the following activities occurred:
Month
Sales
Disbursements
January
$5,000
$6,000
February
$6,000
$7,000
March
$10,000
$4,000
April
$10,000
$5,000
May
$10,000
$5,000
Calculate the net cash flow for March.
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