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Edward Enterprise's sales forecast for the next few months are as follows: 25- Sales (Units) Months April 1,200 May 1,300 June 1,600 July 1,700 August
Edward Enterprise's sales forecast for the next few months are as follows: 25- Sales (Units) Months April 1,200 May 1,300 June 1,600 July 1,700 August 1,900 The selling price per unit is $200 and 40% of each month's sales are in cash and the balance is on credit. For credit sales, 20% are collected in the current month of sales, 65% is collected 1 month after sales and the remaining 15% is collected 2 months after sales. What is the total cash inflow for the month of July? A. $325,000 ?. $300,000 C. $344,000 D. $332,000
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