Ponzi Products produced 100 chain letter kits this quarter, resulting in a total cash outlay of 10 per unit. It will sell 50 of the kits next quarter at a price of 11, and the other 50 kits in two quarters at a price of 12. It takes a full quarter for it to collect its bills from its customers. (Ignore possible sales in earlier or later quarters.) a. Prepare an income statement for Ponzi for today and for each of the next three quarters. Ignore taxes. b. What are the cash flows for the compan
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