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-/1 Question 11 View Policies Current Attempt in Progress 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: ort $310000 January 166000 February 490000 March The cash inflow in the month of March is expected to be O $294000. O $359300 O $240300. O $343800. hp ho l t 44 12 Su prt sc delete home enc & 7 backspace lock T Y P home K enter 4 M N I

-/1 Question 11 View Policies Current Attempt in Progress 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: ort $310000 January 166000 February 490000 March The cash inflow in the month of March is expected to be O $294000. O $359300 O $240300. O $343800. hp ho l t 44 12 Su prt sc delete home enc & 7 backspace lock T Y P home K enter 4 M N I

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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-/1 Question 11 View Policies Current Attempt in Progress 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: ort $310000 January 166000 February 490000 March The cash inflow in the month of March is expected to be O $294000. O $359300 O $240300. O $343800. hp ho l t 44 12 Su prt sc delete home enc & 7 backspace lock T Y P home K enter 4 M N I
Transcribed Image Text:-/1 Question 11 View Policies Current Attempt in Progress 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: ort $310000 January 166000 February 490000 March The cash inflow in the month of March is expected to be O $294000. O $359300 O $240300. O $343800. hp ho l t 44 12 Su prt sc delete home enc & 7 backspace lock T Y P home K enter 4 M N I
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