A company's past experience indicates that 60% of its credit sales are collected in the month of sale 30% in the next month and 5% in the second month after the sale; the remainder is never collected.Budgeted credit sales were: The cash inflow in the month of March is expected to be
A) $406800.
B) $307800.
C) $324000.
D) $388800.
Correct Answer:
Verified
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