A Company's Past Experience Indicates That 60% of Its Credit $$\begin{array} { l r } \text { January } & \$ 360,000 \\\text { February } & 216,000 \\\text { March } & 540,000\end{array}$$

question 118

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: $$\begin{array} { l r } \text { January } & \$ 360,000 \\\text { February } & 216,000 \\\text { March } & 540,000\end{array}$$ The cash inflow in the month of March is expected to be

• A) $406,800.
• B) $307,800.
• C) $324,000.
• D) $388,800.

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Definitions:

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