GPB Mfg is budgeting their cash collection schedule. 2023 December Sales = $200,000 2024 January Sales = $100,000 2024 February Sales = $120,000 All sales are on credit. Based on past experience, 20% of sales are collected within the month of sale and 75% are collected the next month. Bad debts are 5% of sales. GPB Mfg doesn't offer any early payment discounts to customers. What is the expected Cash Inflow for the month of Jan? Question 2 options: $99,000 $180,000 $170,000 $104,000

Answer rating: 100% (QA)

To calculate the expected cash inflow for the month of January we need to consider the cash ... View the full answer