Question

National Beverage Company anticipates the following first-quarter sales for 2010: $1,800,000 (January), $1,600,000 (February), and $2,100,000 (March). It posted the following sales figures for the last quarter of 2009: $1,900,000 (October), $2,050,000 (November), and $2,200,000 (December). NBC sells 40% of its products on credit; 60% are cash sales. The credit sales are collected as follows: 30% in the following month, 50% two months later, 18% three months later, and 2% defaults. What are the anticipated cash inflows for the first quarter of 2010?



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  • CreatedMay 08, 2014
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