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The following credit sales are budgeted by Waterway Industries January $254000 February 330000 March 460000 April 350000 The company's past experience indicates that 70% of

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The following credit sales are budgeted by Waterway Industries January $254000 February 330000 March 460000 April 350000 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 Aprilis $408320 $337000 $363400 $361800

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