The following credit sales are budgeted by Gonzalez Company: $\begin{array}{ll}
\text { February } & 200,000 \
\text { March } & 280,000 \
\text { April } & 240,000
\end{array}$ The company's past experience indicates that 80% of the accounts receivable are collected in the month of sale, 20% in the month following the sale. The anticipated cash inflow for the month of April is

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80% of April sales ($240,000) is collected in April, which is $192,000. 20% of March sales ($280,000) is collected in April, which is $56,000. Total cash inflow for April is $192,000 + $56,000 = $248,000.

The Following Credit Sales Are Budgeted by Gonzalez Company February 200,000 March 280,000 April 240,000\begin{array}{ll}\text { February } & 200,000 \\\text { March } & 280,000 \\\text { April } & 240,000\end{array} February March April ​200,000280,000240,000​

The Following Credit Sales Are Budgeted by Gonzalez Company $\begin{array}{ll}\text { February } & 200,000 \\\text { March } & 280,000 \\\text { April } & 240,000\end{array}$