The Following Credit Sales Are Budgeted by Gonzalez Company $\begin{array}{ll}\text { February } & 200,000 \\\text { March } & 280,000 \\\text { April } & 240,000\end{array}$

question 18

Multiple Choice

The following credit sales are budgeted by Gonzalez Company: $\begin{array}{ll}\text { February } & 200,000 \\\text { March } & 280,000 \\\text { April } & 240,000\end{array}$ The company's past experience indicates that 80% of the accounts receivable are collected in the month of sale, 20% in the month following the sale. The anticipated cash inflow for the month of April is

• A)$172,800.
• B)$201,600.
• C)$216,000.
• D)$248,000.

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Definitions:

Insurance Card

A card issued by an insurance company that gives details about a policyholder's coverage and necessary contact information.

Receptionist

A person typically employed in an office or administrative setting to manage the front desk, greet visitors, and handle inquiries over the phone or in person.

Emergency Room

A department within a hospital where patients with urgent medical needs are treated, staffed by specialized medical personnel.

Physical Examination

A comprehensive assessment conducted by a healthcare professional to evaluate the body for signs of disease or abnormalities.