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Using the following data for for Rodriguez Art Studio to prepare a cash follow forecast. - Sales revenue: $10,000 March, $10,000 April, $9,000 May, $11,000 June. - Payment from customers is 50% paid in cash, 50% paid on one months credit - Direct Costs $5,500 April, $4,950 May, $6,060 June. - Opening Cash Balance in April $1,200 - Indirect Costs are $5,100 per month. What is the Total Cash inflow in May? Options -$4,500 -$11,200 -$10,000 -$9,500 What is the Net Cash flow in April? Options  -$-600 -$660 -$-610 $600

Using the following data for for Rodriguez Art Studio to prepare a cash follow forecast. - Sales revenue: $10,000 March, $10,000 April, $9,000 May, $11,000 June. - Payment from customers is 50% paid in cash, 50% paid on one months credit - Direct Costs $5,500 April, $4,950 May, $6,060 June. - Opening Cash Balance in April $1,200 - Indirect Costs are $5,100 per month. What is the Total Cash inflow in May? Options -$4,500 -$11,200 -$10,000 -$9,500 What is the Net Cash flow in April? Options  -$-600 -$660 -$-610 $600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Using the following data for for Rodriguez Art Studio to prepare a cash follow forecast.

- Sales revenue: $10,000 March, $10,000 April, $9,000 May, $11,000 June.

- Payment from customers is 50% paid in cash, 50% paid on one months credit

- Direct Costs $5,500 April, $4,950 May, $6,060 June.

- Opening Cash Balance in April $1,200

- Indirect Costs are $5,100 per month.

What is the Total Cash inflow in May? Options

-$4,500 -$11,200 -$10,000 -$9,500

What is the Net Cash flow in April? Options 

-$-600 -$660 -$-610 $600

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