Shown below is the sales forecast for Cooper Inc. for the first four months of the...

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Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year Jan Feb Apr Mar $28,000 $14,000 Cash sales Credit sales $15,000 $100,000 $24,000 $120,000 $90,000 $70,000 On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is: 017-11-11 $148,000 $129,000 $132,000 O $118,000 Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year Jan Feb Apr Mar $28,000 $14,000 Cash sales Credit sales $15,000 $100,000 $24,000 $120,000 $90,000 $70,000 On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is: 017-11-11 $148,000 $129,000 $132,000 O $118,000

Answer rating: 100% (QA)

1correct option is C 119000 Cash inflow in March C... View the full answer