The following credit sales are budgeted by Windsor, Inc

Finance Apr 25, 2021

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

Expert Solution

So, the correct option is 1st "$477,716". The anticipated cash inflow for the month of March is $477716.

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