D Question 1 Carlisle Transport had $4,697 cash at the beginning of the period. During the period, the firm collected $1

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D Question 1 Carlisle Transport Had 4 697 Cash At The Beginning Of The Period During The Period The Firm Collected 1 1 (58.1 KiB) Viewed 18 times

D Question 1 Carlisle Transport had $4,697 cash at the beginning of the period. During the period, the firm collected $1,825 in receivables, paid $2,018 to supplier, had credit sales of $5,509, and incurred cash expenses of $500. What was the cash balance at the end of the period? Question 2 Gillstrap Promotions has projected the following values for the next three months: January February $352,000 $379,000 $218,000 $240,000 $88,000 $91,000 $18,000 Sales Purchases on Trade Credit March $424,746 $260,000 $94,000 $41,000 $50,000 $25,000 All sales are credit sales with 40% collected in the month of sale, 50% collected the following month, and the remainder collected in the second month after the sale. Credit purchases are paid in 30 days. and all other items require immediate payment. Compute the net cash inflow for March. Cash Expenses Taxes, interest, and dividends Capital Expenditures 2 pts $20,000 0 3 pts