The Following Credit Sales Are Budgeted by Gonzalez Company $$\begin{array} { l r } \text { January } & \$ 170,000 \\\text { February } & 250,000 \\\text { March } & 350,000\end{array}$$

question 101

Multiple Choice

The following credit sales are budgeted by Gonzalez Company: $$\begin{array} { l r } \text { January } & \$ 170,000 \\\text { February } & 250,000 \\\text { March } & 350,000\end{array}$$ 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 March is

• A)$330,000.
• B)$280,000.
• C)$350,000.
• D)$340,000.

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