COGS are 80% of Sales. You collect 80% of sales in the month of sale and the remaining 20% in the month following the sale. You purchase 60% of your COGS in the month of sale and 40% in the month prior to the sale. You pay for 70% of purchases in the month that it is purchased and the remaining 30% in the month after it is purchased.
How much was Cash Generated by Operations in February?
a. 1480 b. 2320 c. 2840 d. 3260
What is the Accounts Payable balance in January?
a.3764 b. 4232 c. 4640 d. 5288
What is the nominal cost of a six-month discount loan of $200,000 with a stated rate of 8% if there are $500 in closing costs due at the beginning?
a.8.48% b. 8.88% c. 9.07% d. 9.36%