Shown below is the sales forecast for Cooper Inc.for the first four months of the coming year. On average,50% of credit sales are paid for in the month of the sale,30% in the month following sale,and the remainder are paid two months after the month of the sale.Assuming there are no bad debts,the expected cash inflow in March is:

Question

Shown below is the sales forecast for Cooper Inc.for the first four months of the coming year.  On average,50% of credit sales are paid for in the month of the sale,30% in the month following sale,and the remainder are paid two months after the month of the sale.Assuming there are no bad debts,the expected cash inflow in March is:

Quizplus · Accepted Answer

Cash inflow for March:
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Shown Below Is the Sales Forecast for Cooper Inc