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The Following Credit Sales Are Budgeted by Gonzalez Company

Question 82

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 March is A) $330,000. B) $280,000. C) $350,000. D) $340,000. 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 March is


A) $330,000.
B) $280,000.
C) $350,000.
D) $340,000.

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