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Homework answers / question archive / The following credit sales are budgeted by Windsor, Inc
The following credit sales are budgeted by Windsor, Inc.
Jan $263200
Feb 387000
Mar 541800
Apr 464400
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 March is
$477716
$433440
$464400
$455120
So, the correct option is 1st "$477,716". The anticipated cash inflow for the month of March is $477716.
