Omar sells fruit and vegetables from his market stall for cash. His budgeted sales for February, March and April are £45,000, £50,000 and £55,000 respectively. His suppliers allow him one month's credit in which to pay for the fruit and vegetables that he sells. His purchases cost is budgeted to be 80% of the sales value of his produce. Omar rents his market stall at a cost of £1,000 per month, payable on the first day of each month. Electricity costs for his market stall amount to £200 per month and he pays for these quarterly in March, June, September and December. Omar withdraws £2,000 a month from his business for his own personal expenses. What is Omar's net cash inflow for March?

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The Answer of Omar sells fruit and vegetables from his market stall for cash. His budgeted sales for February, March and April are £45,000, £50,000 and £55,000 respectively. His suppliers allow him one month's credit in which to pay for the fruit and vegetables that he sells. His purchases cost is budgeted to be 80% of the sales value of his produce. Omar rents his market stall at a cost of £1,000 per month, payable on the first day of each month. Electricity costs for his market stall amount to £200 per month and he pays for these quarterly in March, June, September and December. Omar withdraws £2,000 a month from his business for his own personal expenses. What is Omar's net cash inflow for March?

Omar Sells Fruit and Vegetables from His Market Stall for Cash