Question
You can Do Hard Things (YDHT) is in the process of estimating their cash inflow for the month of November. Of their sales, 20% are
You can Do Hard Things (YDHT) is in the process of estimating their cash inflow for the month of November. Of their sales, 20% are collected in cash, while the remaining are made on credit. Of the credit amount, 70% are collected in the month after the sale, and 30% two months after the sale. Sales for the previous two months, and the estimated November sales are provided below:
September sales: $450,000
October sales: $340,000
Estimated November sales: $414,000
Using the information provided, whats the November budgeted cash inflows?
A) $414,000
B) $240,800
C) $416,400
D) $381,200
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