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The following credit sales are budgeted by Windsor, Inc

Finance

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

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