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Month Sales January February March $18,000 $37,000 $42,000 April $47,000 The company expects 70% of its sales to be on account (credit sales). Credit sales
Month Sales January February March $18,000 $37,000 $42,000 April $47,000 The company expects 70% of its sales to be on account (credit sales). Credit sales are collected as follows: 25% in the month of sale, 67% in the month following the sale with the remainder being uncollectible and written off. The total cash inflows from sales in April would be: Multiple Choice $33,185. $42,023
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