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Question(s) / Instruction(s):

  1. Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year.

                             Jan                         Feb                        Mar                        Apr

Cash sales         $15,000                    $24,000                   $18,000                $14,000

Credit sales        $100,000                $120,000                   $90,000                 $70,000

 

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)            $108,000

b)            $138,000

c)            $122,000

d)            $119,000

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