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The following credit sales are budgeted by Gonzalez Company:


January
$34,000
February
50,000
March
70,000

The company's past experience indicates that 80% of the accounts receivable are collected in the month of sale, 20% in the month following the sale. what is the anticipated cash inflow for the month of March ?

 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M998678

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