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The following credit sales are budgeted by Bonita Industries: $134000 250000 360000 260000 January February March Apnil The company's past experience indicates that 70% of
The following credit sales are budgeted by Bonita Industries: $134000 250000 360000 260000 January February March Apnil The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of April is O $274000 O $258800 O $312720. O $254000
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