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Page 1: Question 47 (2 points) Trivie, Inc. forecasts total monthly sales for the first three months of 2021 to be as follows: Page 2
Page 1: Question 47 (2 points) Trivie, Inc. forecasts total monthly sales for the first three months of 2021 to be as follows: Page 2 2 Month Total Monthly Sales January February March Page 3: Total Monthly Purchases $7,400 $8,400 $10,600 $9,400 $14,200 $20,000 Assuming the following: Page 4: 4 75 percent of all sales are on credit and 25 percent of all sales are cash sales. Cash sales are collected immediately and for all credit sales, the average collection period (ACP) will be 40 days for this period. COGS for Trivle, Inc. will be 60% per month. The accounts payable day's period will be 20 days for each of these months. Sales, collections and purchases will be evenly distributed throughout each month (assume 30 days per month). Page 5 5 The December 30, 2020 accounts receivable balance was $4,000. The December 30, 2020 accounts payable balance was $1,000. Page 6 What wil Trivle Inc.'s total cash inflow (cash sales plus collection of credit sales) be in March? Record your answer as a positive dollar amount rounded to 0 decimal places, but do not include a dollar sign or any commas in your answer. For example, record $2,321,204.832 as 2321205. Your
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