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Determine the minimum cash balance for two weeks

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Reference no: EM133077285

Question - The following projected 2022 figures were provided to you by the Marikit Company for analysis:

Sales (80% on credit) P8,872,500

Cost of goods sold 3,629,585

Operating expenses 1,822,420

Non-cash charges included in Cost of goods sold P220,500

Operating expenses 88,725

The company operates on a five working days per week or 260-days per year.

Required -

a. Determine the minimum cash balance for two weeks?

b. What the average collection period if the accounts receivable on the average amounted to P443,625?

c. If receivable turnover is expected to increase by 15%, how much will average receivable be?

Reference no: EM133077285

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