Question - Signal Florists (SF) operates a retail flower shop. Their sales for October total $5,000. They have projected revenue for the next three months as follows:
November $12,000
December 23,000
January 8,000
February 10,000
10% of their customers pay in the month of purchase, and the remaining 90% pay in the month following purchase.
Prepare a cash inflow budget for December, January, and February.