The Following Credit Sales Are Budgeted by Terra Co The Company's Past Experience Indicates That 70% of the Accounts
The following credit sales are budgeted by Terra Co.: The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale 20% in the month following the sale and 8% in the second month following the sale. The anticipated cash inflow for the month of April is
A) $370320.
B) $336000.
C) $360000.
D) $352800.
Correct Answer:
Verified
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