Problem 3-21 Income versus Cash Flow (LO3) Ponzi Products produced 120 chain letter kits this quarter, resulting in a to

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Problem 3 21 Income Versus Cash Flow Lo3 Ponzi Products Produced 120 Chain Letter Kits This Quarter Resulting In A To 1 (30.01 KiB) Viewed 31 times

Problem 3-21 Income versus Cash Flow (LO3) Ponzi Products produced 120 chain letter kits this quarter, resulting in a total cash outlay of $ per unit. It will sell 60 of the kits next quarter at a price of $12, and the other 60 kits in the third quarter at a price of $13. It takes a full quarter for Ponzi to collect its bills from its customers (Ignore possible sales in earlier or later quarters.) (Negative amount should be Indicated by a minus sign.) e. What is the net income for Ponzi next quarter? b. What are the cash flows for the company this quarter? c. What are the cash flows for the company in the third quarter? d. What is Ponzi's networking capital in the next quarter? . b. Net Income in neart quarter Cash flow in this quarter Cash flow in third quarter Net warloing capital in next quarter G d