Question

Month	Sales $	Month	Sales $
Jan	39,597	July	39,428
Feb	51,408	Aug	84,330
Mar	84,330	Sep	39,597
Apr	39,428	Oct	84,330
May	39,597	Nov	51,408
June	51,408	Dec	39,428

The table contains the Sales estimates for the next year.

• The Purchases are 76% of Sales. Purchases are paid in the following month.
• The administrative expenses of $11,695 are paid each month
• Tax expenses of $25,555 are paid in March, June, September, and December each year.
• Rent expenses of $29,663 are paid in June and December.

What is the cash outflow for March?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

Answer 1

Purchase Administrative expenes Tax expenses Total cash Disbursement $ 39,070.08 51408*76% $ 11,695.00 $ 25,555.00 $ 76,320.08

February Month Purchases are paid in march