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The following credit sales are budgeted by Marigold Corp.: January $114000 February 220000 March 340000 April 260000 The company's past experience indicates that 70% of

The following credit sales are budgeted by Marigold Corp.:

January $114000
February 220000
March 340000
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

$250000.

$291120.

$267600.

$248800.

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