Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $35,000 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March?
Cash for March = cash gained in March + January credit sales (40%)+February credit sales (40%). So cash for March will be equal 0,2*$35,000 + 0,4* $30,000 + 0,4* $35,000 = $33,000
Week 5 Assignment 1 Review: Nicely defined dynamic stack. The push and pop functions seem to work great. Good job Week 5 Assignment 2 Review: Program coded to spec and ran fine. Good definition of the InventoryBin class with a full set of accessor functions. To make the class reusable for other applications, you should have also defined a set of mutator functions. Good definition of the 3 utility functions. This was a good exercise of the stack abstract data type – you’re clearly doing Object Oriented Programming now.