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22. The Most Brilliant Professor Mullen Companys past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in
22. The Most Brilliant Professor Mullen Companys past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the reminder (5%)is never collected. Budgeted credit sales were:
January $240,000
February $144,000
March $360,000
The cash inflow (CRJ) in the month of March is expected to be
A) $271,200 B) $205,200 C) $216,000 D) $259,200
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