Credit sales for Roswell Company were $102,000 in January, $150,000 in February, $210,000 in March, and $180,000 in April. The company’s past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. What is the anticipated cash inflow for the month of April?
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Credit sales for Roswell Company were $102,000 in January, $150,000 in February, $210,000 in March,...
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