Fielding Wilderness Outfitters had projected its sales for the first six months

Question

Fielding Wilderness Outfitters had projected its sales for the first six months of 2008 to be as follows:
Jan. Feb. Mar.
$ 50,000 April $ 60,000 May $100,000 June
$180,000 $240,000 $240,000
Cost of goods sold is 60% of sales. Purchases are made and paid for two months prior to the sale. 40% of sales are collected in the month of the sale, 40% are collected in the month following the sale, and the remaining 20% in the second month following the sale. Total other cash expenses are $40,000/month. The company

Explanation / Answer

124000 dollars

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