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The following credit sales are budgeted by Bonita Industries: January $134000 February 250000 March 360000 April 260000 The company's past experience indicates that 70% of

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The following credit sales are budgeted by Bonita Industries: January $134000 February 250000 March 360000 April 260000 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 $312720 $258800 $274000. $254000

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