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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 $
Shown below is the sales forecast for Kalin Inc. for the first four months of the coming year. Cash sales Credit sales Jan $ 26,000 $320,000 Feb $ 35,000 $340,000 Mar $ 29,000 $310,000 Apr $ 25,000 $290,000 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)
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