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D Question 3 Benton Company's sales budget shows the following expected total sales: Month Sales Jan. $25,000 Feb. $30,000 3.45 pts March $35,000 April
D Question 3 Benton Company's sales budget shows the following expected total sales: Month Sales Jan. $25,000 Feb. $30,000 3.45 pts March $35,000 April $40,000 The company expects 80% 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: O $16,000 O $28,160 O $24,640 O $36,160
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