The Following Credit Sales Are Budgeted by Gonzalez Company

question 21

Multiple Choice

The following credit sales are budgeted by Gonzalez Company: 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:

Sand Dune

A hill or a ridge made of sand that has been shaped by the wind.

Deep Water

Water located in deep areas of oceans or lakes, typically characterized by cold temperatures and high pressures.

Fractures

Breaks in rock formations, which can occur due to stress such as tension, compression, or shearing forces.

Beddings

Layers of sedimentary rock that indicate the accumulation of sediment over time, each with distinctive properties.