Question
You collect 75% of a months sales in the month of the sale and 25% of sales in the following month. May sales $120 June
You collect 75% of a months sales in the month of the sale and 25% of sales in the following month.
| May sales | $120 |
| June sales | $140 |
| July sales | $100 |
Compute cash inflows for June.
Group of answer choices
$135
$105
$35
$130
not enough information, because sales revenue differs from cash inflows
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College Accounting Ch 1-12
Authors: Dansby
5th Edition
0763834955, 978-0763834951
