Solved

Shown Below Is the Sales Forecast for Cooper Inc

Question 49

Multiple Choice

Shown below is the sales forecast for Cooper Inc.for the first four months of the coming year. Shown below is the sales forecast for Cooper Inc.for the first four months of the coming year.   On average,50% of credit sales are paid for in the month of the sale,30% in the month following sale,and the remainder are 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 On average,50% of credit sales are paid for in the month of the sale,30% in the month following sale,and the remainder are 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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions