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Shown Below Is the Sales Forecast for Cooper Inc On Average, 50% of Credit Sales Are Paid for in the First

Question 16

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Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year.  Jan Feb Mar Apr Cash Sales £15,000£24,000£18,000£14,000Credit Sales £100,000£120,000£90,000£70,000\begin{array}{lrr}&\text { Jan}&\text { Feb}&\text { Mar }&\text {Apr }\\ \text {Cash Sales } &£ 15,000& £24,000& £ 18,000 &£ 14,000\\ \text {Credit Sales } &£ 100,000 &£ 120,000 &£ 90,000& £ 70,000\\\end{array}


On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder is paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is


A) £138,000.
B) £122,000.
C) £119,000.
D) £108,000.

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