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Shown below is the sales forecast for Kalin Inc. for the first four months of the coming year. Cash sales Credit sales Jan Feb Mar
Shown below is the sales forecast for Kalin Inc. for the first four months of the coming year. Cash sales Credit sales Jan Feb Mar $ 18,000 $ 27,000 $ 21,000 $160,000 $180,000 $150,000 Apr $ 17,000 $130,000 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: (CMA adapted) Multiple Choice $211,000 $182,000 $165,000 $187,000
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