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Question 24 (8 points) Shown below is the sales forecast for Henry Company for the first four months of the coming year. Jan Feb
Question 24 (8 points) Shown below is the sales forecast for Henry Company for the first four months of the coming year. Jan Feb Mar Apr Cash sales $ 15,000 Credit sales $100,000 $ 24,000 $120,000 $ 26,000 $20,000 $90,000 $70,000 On average, 60% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder is paid two months after the month of the sale. Assuming there are no bad debts, compute the expected cash inflow in April. Example of Answer: 4000 (No comma, space, decimal point, or $ sign) A/
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