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The Following Credit Sales Are Budgeted by Gonzalez Company

Question 167

Multiple Choice

The following credit sales are budgeted by Gonzalez Company: 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) $144,000. B) $168,000. C) $180,000. D) $186,000. 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) $144,000.
B) $168,000.
C) $180,000.
D) $186,000.

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