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Jenkins plans to sell a single product at 18 each. His expected volume of sales for his first two months in business from 1
Jenkins plans to sell a single product at 18 each. His expected volume of sales for his first two months in business from 1 March to 30 April Year 1 is as follows: Volume March 290 units April 340 units He sells his product both for cash and on credit terms. He estimates that 40% of all sales will be for cash and the remainder will be on credit terms. Research has shown that on average 70% of trade receivables pay in the month following the month of sale and 30% in the second month following the month of sale. What will be the total cash inflow from customers in April? The total cash inflow from customers in April is (Round your answer to the nearest whole pound.)
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