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. 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. Month Sportif, Inc. Disbursements Sales January $5,000 February 6,000 March 10,000 $4,000 April $6,000 10.000 $7,000 $5.000
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. 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. Month Sportif, Inc. Disbursements Sales January $5,000 February 6,000 March 10,000 $4,000 April $6,000 10.000 $7,000 $5.000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Options:
A)$12,000
B)$16,750
C)$9,500
D)$900
Transcribed Image Text:Table 4.3
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. 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.
Month Sportif, Inc. Disbursements
Sales
January
$ 5,000
February 6,000
March 10,000
April 10,000
May 10,000
$6,000
$7,000
$4,000
$5,000
$5,000
Transcribed Image Text:If a pro forma balance sheet dated at the end of May was prepared from
the information presented, the marketable securities would total
(See Table 4.3)
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