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Operating Activities:
Selling price per unit of inventory sold $2.50
Cost per unit of inventory purchased $2.00
Percent of sales on credit 80.00%
Percent of next month's units sold stocked as ending inventory 80%
Selling, general and administrative expenses per month:
Variable expenses (% of revenues) 10.00%
Fixed expenses $25,000
Income tax rate (% of net income before taxes) 30.00%
Percent of credit sales collected in:
    month of sale 50%
    1 month after sale 20%
    2 months after sale 15%

Financing Activities
Number of common shares sold ( in January) 100,000
Selling price per share $2.75
Number of common shares sold ( in February) 1,000
Selling price per share $3.00
Number of common shares sold (in March) 2,000
Selling price per share $4.00
Desired minimum cash balance $150,000
Annual Interest Rate 9.00%
Dividends paid per month $1,000...

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