a companys past experience indicates that 60% of its credit sales are collected in the month of sales, 30% in the next month and 5% in the second month after the sale, the remainder is never collected.

Budget credit sales were

January $360,000

Febuary 216,000

March 540,000

the cash inflow in the month of March s expected to be:

a. $406,800

b. $307,800

c. $324,000

d. $388,800