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) $370,320.
B) $336,000.
C) $360,000.
D) $352,800.
Correct Answer:
Verified
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