Question: You can Do Hard Things (YDHT) is in the process of estimating their cash inflow for the month of November. Of their sales, 20% are
You can Do Hard Things (YDHT) is in the process of estimating their cash inflow for the month of November. Of their sales, 20% are collected in cash, while the remaining are made on credit. Of the credit amount, 70% are collected in the month after the sale, and 30% two months after the sale. Sales for the previous two months, and the estimated November sales are provided below: September sales: $450,000 October sales: $340,000 Estimated November sales: $414,000 Using the information provided, what's the November budgeted cash inflows? 1. You can Do Hard Things (YDHT) is in the process of estimating their cash inflow for the month of November. Of their sales, 20% are collected in cash, while the remaining are made on credit. Of the credit amount, 70% are collected in the month after the sale, and 30% two months after the sale. Sales for the previous two months, and the estimated November sales are provided below: September sales: $450,000 October sales: $340,000 Estimated November sales: $414,000 Using the information provided, what's the November budgeted cash inflows? $240,800 $416,400 $414,000 $381,200
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