Question - Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year.
|
January
|
February
|
March
|
April
|
|
Cash sales
|
$15,000
|
$24,000
|
$18,000
|
$14,000
|
|
Credit sales
|
$100,000
|
$120,000
|
$90,000
|
$70,000
|
On average, 50% of credit sales are paid for in the month of the sale, 30% in the month following sale, and the remainder are paid two months after the month of the sale. Assuming there are no bad debts, the expected cash inflow in March is:
$138,000
$122,000
$119,000
$108,000