ACC 400 Course Great Wisdom / tutorialrank.com ACC 400 Course Great Wisdom / tutorialrank.com | 页面 6

d.

Reduce the risks of errors

5. 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:

July

$120,000

August

September

72,000

180,000

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

a.

$135,600

b.

$102,600

c.

$108,000