Table 4.3
The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming months of January through May. Historically, 75 percent of sales are for cash with the remaining 25 percent collected in the following month. The ending cash balance in January is $3,000.
-The firm has a total financing requirement of ________ for the period from February through May. (See Table 4.3)

Question

Table 4.3
The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming months of January through May. Historically, 75 percent of sales are for cash with the remaining 25 percent collected in the following month. The ending cash balance in January is $3,000. 
-The firm has a total financing requirement of ________ for the period from February through May. (See Table 4.3)

Quizplus · Accepted Answer

The Answer of Table 4.3
The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming months of January through May. Historically, 75 percent of sales are for cash with the remaining 25 percent collected in the following month. The ending cash balance in January is $3,000. 
-The firm has a total financing requirement of ________ for the period from February through May. (See Table 4.3)

Table 4.3 the Financial Analyst for Sportif, Inc. Has Compiled Sales and Sales