The following credit sales are budgeted by Terra Co.: $$\begin{array} { l r }
\text { January } & \$ 204,000 \
\text { February } & 300,000 \
\text { March } & 420,000 \
\text { April } & 360,000
\end{array}$$ The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale.The anticipated cash inflow for the month of April is
A)$370,320.
B)$336,000.
C)$360,000.
D)$352,800.

Question

The following credit sales are budgeted by Terra Co.: $$\begin{array} { l r } 
\text { January } & \$ 204,000 \
\text { February } & 300,000 \
\text { March } & 420,000 \
\text { April } & 360,000
\end{array}$$ The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale.The anticipated cash inflow for the month of April is
A)$370,320.
B)$336,000.
C)$360,000.
D)$352,800.

Quizplus · Accepted Answer

The Answer of The following credit sales are budgeted by Terra Co.: $$\begin{array} { l r } 
\text { January } & \$ 204,000 \
\text { February } & 300,000 \
\text { March } & 420,000 \
\text { April } & 360,000
\end{array}$$ The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale.The anticipated cash inflow for the month of April is
A)$370,320.
B)$336,000.
C)$360,000.
D)$352,800.

The Following Credit Sales Are Budgeted by Terra Co The Company's Past Experience Indicates That 70% of the Accounts