The companys past experience indicates that 80 of the, Ask an Expert

Accounting

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 ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M998678

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