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The Following Credit Sales Are Budgeted by Gonzalez Company

Question 21

Multiple Choice

The following credit sales are budgeted by Gonzalez Company: 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 April is A) $172,800. B) $201,600. C) $216,000. D) $248,000. 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 April is


A) $172,800.
B) $201,600.
C) $216,000.
D) $248,000.

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