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  3. the following credit sales are budgeted by garcia

The following credit sales are budgeted by Garcia Company: January $306,000 February 450,000 March 630,000...

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Accounting

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The following credit sales are budgeted by Garcia Company: January $306,000 February 450,000 March 630,000 April 540,000 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 March is $540,000 $504,000 $555,480 $529,200 Internal control measures are in place to safeguard assets. can eliminate all irregularities in the accounting process. All of these answer choices are correct. only apply to publicly traded companies

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