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 March is
A)$330,000.
B)$280,000.
C)$350,000.
D)$340,000.

Question

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 March is
A)$330,000. 
B)$280,000. 
C)$350,000. 
D)$340,000.

Quizplus · Accepted Answer

The Answer of 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 March is
A)$330,000. 
B)$280,000. 
C)$350,000. 
D)$340,000.

The Following Credit Sales Are Budgeted by Gonzalez Company