1. What is the Expected Cash Inflow Flow for Sales for March given the following?

Cash sales each month are 60%. The credit sales each month are of course 40%. One half of the credit sales are collected the month following the sale and the other one half of the credit sales are collected two months after the sale.

Sales for January are $1,000,000

Sales for February are $3,000,000

Sales for march are $5,000,000