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Question 50 (2 points) Trivio, Inc forecast total monthly sales for the first three months of 2021 to be as follows: Total Monthly Month Total

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Question 50 (2 points) Trivio, Inc forecast total monthly sales for the first three months of 2021 to be as follows: Total Monthly Month Total Monthly Sales Purchases January $9.400 $7,200 February $14,200 $7,400 March $21,000 $10,800 Assuming the following 75 percent of all sales are on credit and 25 percent of all sales are cash sales Cash sales are collected immediatoly 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 (assumo 30 days per month) The December 30, 2020 accounts receivable balance was $4,000. The December 30, 2020 accounts payable balance was $1,000 What will Thule 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 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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