The following credit sales are budgeted by Garcia Company: 
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 March is
A) $462,900.
B) $420,000.
C) $450,000.
D) $441,000.
Correct Answer:
Verified
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