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Business, 05.05.2020 17:33 adammartinez12

A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were:

January $180,000

February 108,000

March 270,000

The cash inflow in the month of March is expected to be

a. $203,400.

b. $153,900.

c. $162,000.

d. $194,400.

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