Qpluto inc has a beginning cash balance of 430 on february

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Q. Pluto, Inc has a beginning cash balance of $430 on February 1st.the firm has project sales of $600 in January, $800 in February and $900 in March. The cost of goods sold is equal to 70% of sales. Goods are purchased one month prior to the month of sale. The account payable period is 30 days and the account receivable period 15 days. The firm has monthly cash expenses of $180.what is the projected ending cash balance at the end of February? Assume that every month has 30 days.

Reference no: EM13354607

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