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The following credit sales are budgeted by Coronado Industries: January $224000 February 300000 March 430000 April 320000 The company's past experience indicates that 70% of
The following credit sales are budgeted by Coronado Industries: January $224000 February 300000 March 430000 April 320000 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 $378920. $310000. $334000. $328800.
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