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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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