Multiple Choice
A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were: The cash inflow in the month of September is expected to be
A) $339,000.
B) $256,500.
C) $270,000.
D) $324,000.
Correct Answer:

Verified
Correct Answer:
Verified
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