Question: Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year. Jan Feb Mar Apr Cash sales $
Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year. Jan Feb Mar Apr Cash sales $ 5,000 $ 14,000 $ 8,000 $ 4,000 Credit sales $ 90,000 $ 110,000 $ 80,000 $ 60,000 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: $91,000. $81,000. $64,000. $99,000.
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