(Answered) The coates co expects to sale 8000 units in june 12000 in

Accounting

The Coates Co. expects to sale 8,000 units in June, 12,000 in July, 10,000 in August, and 9,000 in September. All sales are for $35 per unit. 30% of the sales are cash sales. Of the remaining 70% (the credit sales), Coates collects 37% of them in the month of the sale, 60% in the month after the sale, and fails to collect 3% of credit sales.

What is the expected cash inflow during the month of July?

a. $407,400
b. $352,380
c. $323,085
d. $305,550

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