The companys past experience indicates that 70 of the, Ask an Expert

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The following credit sales are budgeted by Roswell Company:

January $102,000
February 150,000
March 210,000
April 180,000

The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of April is :

$185,160.

$168,000.

$180,000.

$176,400.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991494

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