Multiple Choice
The following credit sales are budgeted by Gonzalez Company: The company's past experience indicates that 80% of the accounts receivable are collected in the month of sale, 20% in the month following the sale. The anticipated cash inflow for the month of March is
A) $330,000.
B) $280,000.
C) $350,000.
D) $340,000.
Correct Answer:

Verified
Correct Answer:
Verified
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