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A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and
A company's 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 remainder is never collected. Budgeted credit sales were: January $80 000 February $48 000 March $120 000 The cash inflow in the month of March is expected to be: $90 400 $86 400 $72.000 $68 400
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