The Following Credit Sales Are Budgeted by Garcia Company The Company's Past Experience Indicates That 70% of the Accounts

Multiple Choice

The following credit sales are budgeted by Garcia Company: $$\begin{array} { l r } \text { January } & \$ 306,000 \\\text { February } & 450,000 \\\text { March } & 630,000 \\\text { April } & 540,000\end{array}$$ 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. The anticipated cash inflow for the month of March is

A) $555,480.
B) $504,000.
C) $540,000.
D) $529,200.