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A Company's Past Experience Indicates That 60% of Its Credit  July $300,000 August 180,000 September 450,000\begin{array} { l r } \text { July } & \$ 300,000 \\\text { August } & 180,000 \\\text { September } & 450,000\end{array}

Question 132

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:  July $300,000 August 180,000 September 450,000\begin{array} { l r } \text { July } & \$ 300,000 \\\text { August } & 180,000 \\\text { September } & 450,000\end{array} The cash inflow in the month of September is expected to be


A) $339000.
B) $256500.
C) $270000.
D) $324000.

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