The Blatz Brewing Company produces 25 million hectolitres of beer each year. To put this in perspective, California consumed that much beer last year. A sales forecast for Blatz is provided in the top row of the table. Blatz sells its beer at a wholesale price of US$85 per hectoliter. All sales are on account and 75% of receivables are collected after 1 month, while 25% are collected after 2 months. Blatz buys barley, hops and yeast one month before the sale. Raw materials cost 15% of the wholesale price of the beer. Blatz purchases its raw materials on account and pays its suppliers one month after the purchase.
Average monthly overhead expenses are $35M (wages, salaries, heat, water, electricity, selling, general and administration). What are Blatz' net cash flows in March?
| Sales Forecast and Cash Budget |
| | January | February | March | April |
| Sales Forecast - millions of hectoliters | 1 | 1 | 1.5 | 2 |
| Sales Forecast - millions of dollars | $85 | $85 | $128 | $170 |
| Collections from last month | | | | |
| Collections from 2 months ago | | | | |
| Total Cash Inflows | | | | |
| | | | | |
| Purchases from Suppliers | | | | |
| Payments to Suppliers | | | | |
| Overhead Expenses | 35 | 35 | 35 | 35 |
| Total Disbursements | | | | |
| | | | | |
| Net Cash Flow | | | | |
◦ $11
◦ $31
◦ $38
◦ $64
◦ $68
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