Use the information below to answer the following questions.
Jackson Bottle Yard, a recycling glass company, has supplied the following information in relation to their actual sales in 2015 and planned sales for the first quarter of 2016. Past records indicate that expected receipts collected from debtors will be: 60 per cent in the month of sale
40 per cent in the month following the sale
-Refer to the table above. What is the projected cash inflow from debtors in January?
A) $28,000
B) $15,000
C) $43,000
D) $20,000

Question

Use the information below to answer the following questions.
Jackson Bottle Yard, a recycling glass company, has supplied the following information in relation to their actual sales in 2015 and planned sales for the first quarter of 2016.  Past records indicate that expected receipts collected from debtors will be: 60 per cent in the month of sale
40 per cent in the month following the sale
-Refer to the table above. What is the projected cash inflow from debtors in January?
A) $28,000 
B) $15,000 
C) $43,000 
D) $20,000

Quizplus · Accepted Answer

The projected cash inflow from debtors in January is $28,000, as indicated in the table.

Use the Information Below to Answer the Following Questions