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Pluto, Inc. has a beginning cash balance of $430 on February 1st. The firm has projected sales of $500 in January, $900 in February, and $800 in...

Pluto, Inc. has a beginning cash balance of $430 on February 1st. The firm has projected sales of $500 in January, $900 in February, and $800 in March. The cost of goods sold is 70 percent of sales. Goods are purchased one month prior to the month of sale. The accounts payable period is 30 days and the accounts receivable period is 15 days. The firm has monthly cash expenses of $175. 1. What is the projected cash disbursement for February?2. What is the projected cash collection for February?3. What is the projected cash balance at the end of February?

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