Reference no: EM132460132

The table contains the Sales estimates for the next year.

• The Purchases are 63% of Sales. Purchases are paid in the following month.
• The administrative expenses of $3,756 are paid each month
• Tax expenses of $59,569 are paid in March, June, September, and December each year.
• Rent expenses of $22,514 are paid in June and December.

What is the cash outflow for December?

Month Sales $ Month Sales $

Jan         77,215 July       79,994

Feb         47,220 Aug       12,212

Mar        12,212 Sep       77,215

Apr       79,994 Oct       12,212

May        77,215 Nov        47,220

June      47,220 Dec      79,994