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My courses MANAGERIAL ACCOUNTING General 13/6/2021 (2 pm-3pm) Time left 0:05:20 1. Shown below is the sales forecast for Cooper Inc. for the first four
My courses MANAGERIAL ACCOUNTING General 13/6/2021 (2 pm-3pm) Time left 0:05:20 1. Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year. Jan Feb Mar Cash sales 15000 24000 1800 Credit sales 100000 120000 9000 On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in April is: O a. $122,000 O b. $119,000 O c. $108,000 O d. $138,000 Clear my choice Next page My courses MANAGERIAL ACCOUNTING General 13/6/2021 (2 pm-3pm) Time left 0:05:20 1. Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year. Jan Feb Mar Cash sales 15000 24000 1800 Credit sales 100000 120000 9000 On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in April is: O a. $122,000 O b. $119,000 O c. $108,000 O d. $138,000 Clear my choice Next page
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