Mathematics · Commercial Mathematics

A manufacturing concern is preparing its cash budget for July. Estimated sales for May, June, and July are 200,000, 250,000, and 300,000 respectively. 40% of sales are for cash, and the remaining 60% are on credit (collected in the month following the sale). Total purchases for July are 150,000, out of which 50,000 are for cash and the rest on one month's credit. Purchases in June were 120,000 (all on credit). Calculate the total cash inflows and cash outflows for July.