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Browning Company's sales budget shows the following expected total sales: Month Sales January $22,000 February $26,000 March $31,000 April $44,000 The company expects 70% of
Browning Company's sales budget shows the following expected total sales: Month Sales January $22,000 February $26,000 March $31,000 April $44,000 The company expects 70% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 70% in the month following the sale with the remainder being uncollectible and written off. The total cash inflows from sales in April would be:
Browning Company's sales budget shows the following expected total sales: Month January February March April Sales $22,000 $26,000 $31,000 $44,000 The company expects 70% of its sales to be on account credit sales). Credit sales are collected as follows: 25% in the month of sale, 70% in the month following the sale with the remainder being uncollectible and written off. The total cash inflows from sales in April would be: Multiple Choice $36,090. O O $23,100 O $25,200. J $23,925Step by Step Solution
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