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The Following Credit Sales Are Budgeted by Garcia Company

Question 192

Multiple Choice

The following credit sales are budgeted by Garcia Company: The following credit sales are budgeted by Garcia Company: 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. 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.

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