Financial Management: Core Concepts, 3"d ed by Brooks 1) Harris Electronics bills its clients on the first of the month. For example, any sale made in the month of July is billed August 1 and is due September 1. Clients traditionally pay as follows: 50% by the end of the first month (August), 40% by the end of the second month (September), 8% by the end of the third month (October), and 2% default on their bills. The firm's CEO wants to know the anticipated cash flow for April. Use the following information to estimate April cash flows. First-Quarter Actual Sales Second-Quarter Anticipated Sales January February March April May June $88.000 $74,000 $96,000 $99,000 $82,000 $63.000 A) $96,000 B) $77,600 C) $84,640 D) $99,000 Answer: iholdthesolutionatgmail