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A Company's Past Experience Indicates That 60% of Its Credit  April $250,000 May 150,000 June 375,000\begin{array} { l r } \text { April } & \$ 250,000 \\\text { May } & 150,000 \\\text { June } & 375,000\end{array}

Question 168

Multiple Choice

A company's past experience indicates that 60% of its credit sales are collected in the month of sale 30% in the next month and 5% in the second month after the sale; the remainder is never collected.Budgeted credit sales were:  April $250,000 May 150,000 June 375,000\begin{array} { l r } \text { April } & \$ 250,000 \\\text { May } & 150,000 \\\text { June } & 375,000\end{array} The cash inflow in the month of June is expected to be


A) $282500.
B) $213750.
C) $225000.
D) $270000.

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