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he following credit sales are budgeted by Wildhorse Co.: January $330500 February 486000 March 680400 April 583200 The companys past experience indicates that 70% of
he following credit sales are budgeted by Wildhorse Co.:
January | $330500 | |
February | 486000 | |
March | 680400 | |
April | 583200 |
The companys past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of March is
$599920.
$544320.
$583200.
$571540.
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