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Question(s) / Instruction(s):

                           Jan                         Feb                        Mar                        Apr

Cash sales             $15,000                $24,000                 $18,000                  $14000

Credit sales            $100,000            $120,000                  $90,000                 $70,000
  
  
Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year.

On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is:

a)            $138,000

b)            $122,000

c)            $108,000

d)            $119,000

 

 

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