The following credit sales are budgeted by Terra Co.: - 13377

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yousafbhutta

yousafbhutta

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  • Posted on: Wed 15 Aug, 2012
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Request Description

The following credit sales are budgeted by Terra Co.:
January $204,000
February 300,000
March 420,000
April 360,000
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
$360,000.
$352,800.
$370,320.
$336,000.

Solution Description

The following credit sales are budgeted by Terra Co.:
January $204,000
February 300,000
March 420,000
April 360,000
The company's past experience ind