Question: Use the following information for the next 2 problems Steven's Toy Mart is making a cash receipts budget They sell toys for $25 a toy.

 Use the following information for the next 2 problems Steven's Toy
Mart is making a cash receipts budget They sell toys for $25

Use the following information for the next 2 problems Steven's Toy Mart is making a cash receipts budget They sell toys for $25 a toy. 75% of all the Toy Mart's sales are on credit. It is expected that 75% of sales will be collected in the month of sale while 25% are expected to be collected in the following month. From the sales budget, we know that they are expecting 2,500 units of sales in Jan, 3,000 in Feb, 2,800 in March, and 2,200 in April. What is the expected cash inflow in March? 62.765 .20 58.926 .00 70.937 .50 69.418 .70 Question 8 0/1 pts What is the company's expected accounts receivable balance on April 30 ? 7,527,258,836.009,374,6010,312.50 7,527,25

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