Jan 38,452 Feb 35,290 Mar 47,212 Apr 27,4114 May 38,452 June 35,290 July 27,114 Aug 47,212 Sep 38,452 Oct 47,212 Nov 35,290 Dec 27,114
The company has estimated expenses as follows:
General and administrative expenses $8,174
Material purchases are 44 percent of sales. Material purchases are paid in the month following the purchase.
Interest payment per month $4,707
Rent expenses per quater starting March: $7,113
Calculate the cash outflows for June.