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Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year. Jan Feb Mar Apr Cash Sales $15,000
Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year.
Jan Feb Mar Apr
Cash Sales $15,000 $24,000 $18,000 $14,000
Credit Sales $100,000 $120,000 $90,000 $70,000
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 March is:
a. | $138,000 | |
b. | $122,000 | |
c. | $119,000 | |
d. | $108,000 |
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