Question 14 The following credit sales are budgeted by Tara Plumlee Co.: January $212,000 February 332,000 March 425,000 April 333,546 The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated total cash inflow for the month of March is

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 17E
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Question 14
The following credit sales are budgeted by Tara Plumlee Co.:
January
$212,000
February
332,000
March
425,000
April
333,546
The company's past experience indicates that 70% of the accounts receivable are collected in
the month of sale, 20% in the month following the sale, and 8% in the second month
following the sale.
The anticipated total cash inflow for the month of March is
Transcribed Image Text:Question 14 The following credit sales are budgeted by Tara Plumlee Co.: January $212,000 February 332,000 March 425,000 April 333,546 The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated total cash inflow for the month of March is
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