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

Question 71

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The following credit sales are budgeted by Garcia Company:  January $255,000 February 375,000 March 525,000 April 450,000\begin{array} { l r } \text { January } & \$ 255,000 \\\text { February } & 375,000 \\\text { March } & 525,000 \\\text { April } & 450,000\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 March is


A) $462,900.
B) $420,000.
C) $450,000.
D) $441,000.

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