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

Question 104

Multiple Choice

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. 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 total cash receipts for April are ________. (See Table 4.3) A) $5,000 B) $7,500 C) $9,250 D) $10,000
-The total cash receipts for April are ________. (See Table 4.3)


A) $5,000
B) $7,500
C) $9,250
D) $10,000

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