The following credit sales are budgeted by Bonita Industries: January $284000 February 360000 March 450000...
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Accounting
The following credit sales are budgeted by Bonita Industries: January $284000 February 360000 March 450000 April 360000 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 cash inflow for the month of April is
A.$342000.
B.$370800.
C.$380800.
D.$409720.
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