Credit sales on
Jan:$100,000
Feb: $140,000
Mar:$90,000
Apr: $70,000
On ave...
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Credit sales on
Jan:$100,000
Feb: $140,000
Mar:$90,000
Apr: $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:
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