Benton Company's sales budget shows the following expected total sales: The company expects 80% of its sales to be on account (credit sales) . Credit sales are collected as follows: 25% in the month of sale, 72% in the month following the sale with the remainder being uncollectible and written off. The total cash inflows from sales in April would be:
A) $16,000.
B) $28,160.
C) $24,640.
D) $36,160.
Correct Answer:
Verified
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