Fin622 Idea Ass Sol

	May	June
Balance opening	11500	3400
February	-------------------------------	-----------------------------
March	10500	------------------------------
April	29400	12600
May	12000	19600
June	------------------------	6000
Total cash inflow	63400	41600
Less disbursement	-60000	-45000
Net cash inflow -outflow	3400	-3400

March


Cash sales = 30%of total sales15000

Credit sales = 70% of total sales 35000

Recovery of credit sales in May = 30% of credit sales = 10500



April

Cash sales = 30% of total sales 18000

Credit sales = 42000

Recovery of credit sales in May = 70% of credit sales = 29400

Recovery of credit sales in June= 30% of credit sales = 12600



May

Cash sales = 30% of total sales 12000

Credit sales = 28000

Recovery or credit sales in June = 70% of credit sales = 19600



June

Cash sales = 30% of total sales 6000

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