The following credit sales are budgeted by Gonzalez Company: 
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
A) $172,800.
B) $201,600.
C) $216,000.
D) $248,000.
Correct Answer:
Verified
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