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The following credit sales are budgeted by Vaughn Manufacturing: January $264000 February 340000 March 470000 April 360000 The company's past experience indicates that 70% of
The following credit sales are budgeted by Vaughn Manufacturing:
January | $264000 |
February | 340000 |
March | 470000 |
April | 360000 |
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
| a.$373200. |
| b.$418120. |
| c.$346000. |
| d. $372800. |
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