Question
Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year Jan Feb Apr Mar $28,000 $14,000
Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year Jan Feb Apr Mar $28,000 $14,000 Cash sales Credit sales $15,000 $100,000 $24,000 $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: 017-11-11 $148,000 $129,000 $132,000 O $118,000
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Mathematics for Economics and Business
Authors: Ian Jacques
9th edition
129219166X, 9781292191706 , 978-1292191669
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