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

Question 34

Multiple Choice

The following credit sales are budgeted by Terra Co.:  January $204,000 February 300,000 March 420,000 April 360,000\begin{array} { l r } \text { January } & \$ 204,000 \\\text { February } & 300,000 \\\text { March } & 420,000 \\\text { April } & 360,000\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 April is


A) $370,320.
B) $336,000.
C) $360,000.
D) $352,800.

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