5 800 42.44 Mc Graw HIM Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year Jan Feb Mar Apr $15,000 $24,000 $18,000 $14.000 Cash sales Credit sales $100,000 $120,000 $120.000 $70,000 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: Multiple Choice O O $153.000 $134,000 $123.000 < Prev 5 of 10 Next >
5 800 42.44 Mc Graw HIM Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year Jan Feb Mar Apr $15,000 $24,000 $18,000 $14.000 Cash sales Credit sales $100,000 $120,000 $120.000 $70,000 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: Multiple Choice O O $153.000 $134,000 $123.000 < Prev 5 of 10 Next >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Ma3.
Transcribed Image Text:LO
5
800 42.44
Mc
Graw
HIM
Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year
Jan
Feb
Mar
Apr
$15,000
$18,000
$14.000
Cash sales
Credit sales
$24,000
$120,000
$100,000
$120.000
$70,000
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
Mutiple Choice
O
O
$153.000
$134,000
$123000
< Prev
5 of 10
Next >
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