Signal Florists (SF) operates a retail flower shop. Their sales for October total $5,000. They have projected revenue for the next three months as follows;November $12,000;December $23,000;January $8,000;February $10,000;SF allows its customers a 3% discount if they pay cash and otherwise allows 30 days credit. Only 10% of their customers take the discount and pay in the month of purchase. The remaining 90% pay in the month following purchase.;Prepare a cash inflow budget for December, January, and February.
Paper#33648 | Written in 18-Jul-2015Price : $27