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Browning Company's sales budget shows the following expected total sales: Month Sales January $25,000 February $30,000 March $35,000 April $40,000 The company expects 70% of
Browning Company's sales budget shows the following expected total sales:
Month | Sales |
January | $25,000 |
February | $30,000 |
March | $35,000 |
April | $40,000 |
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, 72% in the month following the sale with the remainder being uncollectible and written off. The total cash inflows from sales in April would be:
rev: 04_12_2014_QC_48170
$25,725.
$21,000.
$36,640.
$18,200.
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